Carter’s, Inc. (NYSE: CRI – Get a rating) received an average rating of “Hold” from the eight brokerages that currently cover the stock, reports MarketBeat Ratings. Two research analysts rated the stock with a sell rating, four gave the company a hold rating and one issued a buy rating. The 12-month average target price among brokerages that have reported on the stock over the past year is $95.17.
Several research companies have recently commented on the IRC. TheStreet downgraded Carter’s from a “b-” rating to a “c+” rating in a Friday, June 3 report. UBS Group raised its price target on Carter’s from $110.00 to $112.00 and gave the stock a “neutral” rating in a Monday, March 7 research report. Wedbush upgraded Carter’s from a “neutral” rating to an “outperforming” rating and set a price target of $108.00 for the stock in a Monday, March 7 research report. Wells Fargo & Company lowered its price target on Carter’s from $105.00 to $95.00 and set an “equal weight” rating on the stock in a Tuesday, April 5 research report. To finish, StockNews.com downgraded Carter’s from a “buy” rating to a “hold” rating in a Thursday, April 28 research report.
Separately, manager William J. Montgoris purchased 1,000 shares in a trade that took place on Friday, May 20. The shares were purchased at an average cost of $75.00 per share, with a total value of $75,000.00. Following the purchase, the director now directly owns 39,525 shares of the company, valued at approximately $2,964,375. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders hold 3.60% of the shares of the company.
Institutional investors have recently been buying and selling shares of the company. Bank of America Corp DE increased its stake in Carter’s by 15.6% in the first quarter. Bank of America Corp DE now owns 178,481 shares of the textile maker valued at $16,419,000 after acquiring an additional 24,060 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Carter’s by 17.0% during the first quarter. BNP Paribas Arbitrage SA now owns 8,987 shares of the textile maker worth $827,000 after buying an additional 1,305 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Carter’s during Q1 worth approximately $866,000. Evergreen Capital Management LLC increased its position in Carter’s by 17.3% during the 1st quarter. Evergreen Capital Management LLC now owns 80,687 shares of the textile maker worth $7,422,000 after purchasing an additional 11,887 shares during the period. Finally, Ensign Peak Advisors Inc increased its position in Carter’s by 4.5% during the 1st quarter. Ensign Peak Advisors Inc now owns 15,280 shares of the textile maker worth $1,405,000 after buying an additional 655 shares during the period. 97.10% of the shares are held by institutional investors and hedge funds.
Carter’s stock traded down $0.26 at midday Wednesday, hitting $77.12. The company’s shares had a trading volume of 11,829 shares, compared to an average volume of 728,223. The company has a debt ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1, 65. The stock has a market capitalization of $3.14 billion, a PE ratio of 10.27, a P/E/G ratio of 1.38 and a beta of 1.28. Carter’s has a one-year low of $71.36 and a one-year high of $111.17. The company has a 50-day moving average of $83.94 and a 200-day moving average of $92.24.
Carter’s (NYSE: CRI – Get a rating) last released its quarterly results on Friday, April 29. The textile maker reported EPS of $1.66 for the quarter, beating consensus analyst estimates of $1.34 by $0.32. The company posted revenue of $781.30 million in the quarter, compared to $751.21 million expected by analysts. Carter’s had a return on equity of 32.19% and a net margin of 9.24%. The company’s revenue decreased by 0.8% compared to the same quarter last year. During the same period last year, the company posted earnings per share of $1.98. On average, equity research analysts expect Carter’s to post an EPS of 8.81 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 10. Shareholders of record on Tuesday, May 31 will receive a dividend of $0.75. The ex-dividend date is Friday, May 27. This represents a dividend of $3.00 on an annualized basis and a dividend yield of 3.89%. Carter’s payout ratio is currently 39.89%.
Carter Company Profile (Get a rating)
Carter’s, Inc., together with its subsidiaries, designs, sources and markets branded children’s apparel under the Carter’s, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter’s My First Love, Little Planet brands. and other brands from the United States and internationally. The Company operates through three segments: United States
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