Carter’s, Inc. (NYSE:CRI) Receives $110.13 Average Price Target from Analysts

Shares of Carter’s, Inc. (NYSE:CRI) have earned a consensus recommendation of “Buy” from the nine brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $110.13.

A number of brokerages have recently weighed in on CRI. Monness Crespi & Hardt increased their price objective on Carter’s from $100.00 to $120.00 and gave the company a “buy” rating in a report on Monday, May 3rd. Zacks Investment Research upgraded shares of Carter’s from a “hold” rating to a “strong-buy” rating and set a $118.00 price objective on the stock in a research note on Monday, June 21st. Finally, B. Riley upped their price target on shares of Carter’s from $113.00 to $121.00 and gave the company a “buy” rating in a report on Monday, May 3rd.

In other Carter’s news, SVP Jill Wilson sold 7,400 shares of the company’s stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of $110.32, for a total transaction of $816,368.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Ben Pivar sold 2,019 shares of the stock in a transaction on Thursday, May 6th. The shares were sold at an average price of $109.10, for a total transaction of $220,272.90. Following the transaction, the senior vice president now directly owns 10,496 shares in the company, valued at $1,145,113.60. The disclosure for this sale can be found here. 3.50% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Carter’s by 0.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,696 shares of the textile maker’s stock valued at $1,307,000 after acquiring an additional 120 shares during the last quarter. Eaton Vance Management lifted its holdings in Carter’s by 2.7% in the 1st quarter. Eaton Vance Management now owns 5,303 shares of the textile maker’s stock valued at $472,000 after purchasing an additional 139 shares in the last quarter. Crawford Investment Counsel Inc. boosted its stake in Carter’s by 0.5% during the 1st quarter. Crawford Investment Counsel Inc. now owns 40,074 shares of the textile maker’s stock worth $3,564,000 after purchasing an additional 200 shares during the last quarter. Cascade Investment Advisors Inc. grew its holdings in shares of Carter’s by 2.4% during the first quarter. Cascade Investment Advisors Inc. now owns 9,575 shares of the textile maker’s stock worth $852,000 after buying an additional 220 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Carter’s by 2.5% in the first quarter. Thrivent Financial for Lutherans now owns 11,711 shares of the textile maker’s stock worth $1,041,000 after buying an additional 283 shares in the last quarter.

Carter’s stock opened at $98.06 on Monday. Carter’s has a one year low of $76.01 and a one year high of $116.92. The stock has a market capitalization of $4.31 billion, a PE ratio of 15.66, a PEG ratio of 0.77 and a beta of 1.41. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.07 and a current ratio of 2.92. The company has a 50-day simple moving average of $102.61.

Carter’s (NYSE:CRI) last released its earnings results on Thursday, April 29th. The textile maker reported $1.98 earnings per share for the quarter, topping the consensus estimate of $0.28 by $1.70. Carter’s had a net margin of 8.67% and a return on equity of 34.55%. The company had revenue of $787.60 million for the quarter, compared to the consensus estimate of $656.02 million. During the same quarter in the previous year, the firm earned ($0.81) EPS. Carter’s’s revenue was up 20.4% compared to the same quarter last year. Equities research analysts predict that Carter’s will post 6.03 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Wednesday, May 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend was Tuesday, May 11th. Carter’s’s payout ratio is currently 38.46%.

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, Carter's little baby basics, and other brands in the United States and internationally. The company operates through three segments: U.S.

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Analyst Recommendations for Carter`s (NYSE:CRI)

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