Carter’s (NYSE:CRI) Upgraded by Wall Street Zen to Hold Rating

Carter’s (NYSE:CRI) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

CRI has been the topic of several other research reports. The Goldman Sachs Group assumed coverage on Carter’s in a research report on Thursday, December 11th. They issued a “sell” rating and a $26.00 price objective on the stock. Zacks Research raised shares of Carter’s from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 16th. UBS Group lifted their price objective on shares of Carter’s from $26.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Carter’s in a research report on Tuesday, October 14th. Finally, Wells Fargo & Company raised their target price on Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. Three investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Strong Sell” and a consensus price target of $28.80.

Carter’s Stock Performance

CRI opened at $35.64 on Friday. The company’s 50 day moving average is $32.03 and its 200 day moving average is $30.21. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 14.43 and a beta of 1.07. The company has a current ratio of 2.26, a quick ratio of 0.95 and a debt-to-equity ratio of 0.58. Carter’s has a 12-month low of $23.38 and a 12-month high of $55.71.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Monday, October 27th. The textile maker reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.04). Carter’s had a net margin of 3.15% and a return on equity of 16.71%. The company had revenue of $757.84 million during the quarter, compared to analyst estimates of $760.11 million. During the same period last year, the firm earned $1.64 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities research analysts predict that Carter’s will post 5.15 EPS for the current year.

Hedge Funds Weigh In On Carter’s

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of Carter’s by 50.2% during the first quarter. Royal Bank of Canada now owns 40,649 shares of the textile maker’s stock worth $1,663,000 after purchasing an additional 13,594 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Carter’s by 5.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 120,964 shares of the textile maker’s stock worth $4,947,000 after purchasing an additional 6,195 shares during the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of Carter’s by 46,222.5% during the second quarter. Salem Investment Counselors Inc. now owns 92,645 shares of the textile maker’s stock worth $2,791,000 after buying an additional 92,445 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Carter’s by 74.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 12,460 shares of the textile maker’s stock valued at $392,000 after buying an additional 5,322 shares during the last quarter. Finally, CX Institutional lifted its stake in shares of Carter’s by 117.7% in the second quarter. CX Institutional now owns 134,219 shares of the textile maker’s stock worth $4,044,000 after buying an additional 72,573 shares in the last quarter.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.