Carter’s (NYSE:CRI) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Carter’s (NYSE:CRI) from a neutral rating to a buy rating in a research report released on Thursday, Marketbeat reports. They currently have $38.00 target price on the textile maker’s stock.

Other equities analysts have also issued research reports about the company. Monness Crespi & Hardt upgraded Carter’s from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Monday, March 2nd. Citigroup upgraded Carter’s from a “neutral” rating to a “buy” rating and lifted their target price for the company from $34.00 to $50.00 in a research note on Wednesday, January 21st. Weiss Ratings upgraded Carter’s from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 19th. Wall Street Zen upgraded Carter’s from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. Finally, Needham & Company LLC began coverage on Carter’s in a research note on Thursday, March 26th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Carter’s currently has an average rating of “Hold” and an average price target of $37.33.

Carter’s Price Performance

CRI opened at $35.47 on Thursday. The business’s 50-day moving average is $36.76 and its two-hundred day moving average is $33.71. Carter’s has a 1 year low of $23.38 and a 1 year high of $44.44. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.51 and a quick ratio of 1.44. The firm has a market capitalization of $1.31 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 5.28 and a beta of 0.98.

Carter’s (NYSE:CRI) last posted its earnings results on Friday, February 27th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.20. Carter’s had a return on equity of 14.45% and a net margin of 3.17%.The company had revenue of $925.45 million for the quarter, compared to analyst estimates of $912.36 million. During the same quarter in the previous year, the firm earned $2.39 earnings per share. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. Carter’s has set its Q1 2026 guidance at 0.020-0.080 EPS. Research analysts anticipate that Carter’s will post 5.15 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, March 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. Carter’s’s payout ratio is presently 39.68%.

Institutional Investors Weigh In On Carter’s

A number of large investors have recently modified their holdings of CRI. UMB Bank n.a. grew its stake in shares of Carter’s by 445.8% during the fourth quarter. UMB Bank n.a. now owns 775 shares of the textile maker’s stock worth $25,000 after acquiring an additional 633 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Carter’s by 555.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,115 shares of the textile maker’s stock worth $31,000 after acquiring an additional 945 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Carter’s by 1,208.1% during the third quarter. Hantz Financial Services Inc. now owns 1,295 shares of the textile maker’s stock worth $37,000 after acquiring an additional 1,196 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Carter’s by 135.4% during the third quarter. Versant Capital Management Inc now owns 1,415 shares of the textile maker’s stock worth $40,000 after acquiring an additional 814 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Carter’s by 202.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker’s stock worth $45,000 after acquiring an additional 995 shares during the last quarter.

About Carter’s

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.