Carter’s (NYSE:CRI) Stock Rating Lowered by StockNews.com

Carter’s (NYSE:CRI) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Several other research analysts have also commented on CRI. Monness Crespi & Hardt lowered Carter’s from a “buy” rating to a “neutral” rating in a research report on Monday, February 26th. Citigroup raised their price target on shares of Carter’s from $60.00 to $66.00 and gave the company a “sell” rating in a report on Wednesday, February 21st. UBS Group boosted their price objective on shares of Carter’s from $76.00 to $79.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. TheStreet raised Carter’s from a “c+” rating to a “b-” rating in a research report on Friday, December 22nd. Finally, Wedbush boosted their target price on Carter’s from $67.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $75.75.

Carter’s Stock Performance

CRI stock opened at $75.39 on Wednesday. Carter’s has a 1-year low of $60.65 and a 1-year high of $88.03. The business has a 50-day moving average price of $81.52 and a 200 day moving average price of $74.42. The company has a market capitalization of $2.76 billion, a P/E ratio of 12.02, a PEG ratio of 2.21 and a beta of 1.29. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.15 and a quick ratio of 1.10.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Tuesday, February 27th. The textile maker reported $2.76 EPS for the quarter, beating the consensus estimate of $2.52 by $0.24. Carter’s had a net margin of 7.89% and a return on equity of 28.79%. The business had revenue of $858.00 million during the quarter, compared to analyst estimates of $867.81 million. During the same quarter in the previous year, the business posted $2.29 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, equities research analysts forecast that Carter’s will post 6.52 EPS for the current fiscal year.

Insider Buying and Selling

In other Carter’s news, Director Mark Hipp sold 1,875 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $81.74, for a total transaction of $153,262.50. Following the sale, the director now owns 10,216 shares in the company, valued at approximately $835,055.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.50% of the stock is currently owned by company insiders.

Institutional Trading of Carter’s

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its position in Carter’s by 0.7% during the first quarter. BlackRock Inc. now owns 3,454,471 shares of the textile maker’s stock valued at $317,777,000 after purchasing an additional 23,125 shares during the period. Shapiro Capital Management LLC boosted its stake in shares of Carter’s by 0.6% in the fourth quarter. Shapiro Capital Management LLC now owns 2,634,268 shares of the textile maker’s stock worth $196,543,000 after buying an additional 16,878 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Carter’s by 4.0% in the fourth quarter. Mackenzie Financial Corp now owns 2,287,686 shares of the textile maker’s stock worth $170,684,000 after buying an additional 88,720 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Carter’s by 5.5% during the third quarter. Bank of New York Mellon Corp now owns 1,713,889 shares of the textile maker’s stock worth $118,515,000 after acquiring an additional 90,094 shares during the period. Finally, Victory Capital Management Inc. raised its position in Carter’s by 11.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,319,050 shares of the textile maker’s stock valued at $98,414,000 after acquiring an additional 140,172 shares in the last quarter.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.