Carter’s, Inc. (NYSE:CRI) Receives Average Rating of “Reduce” from Brokerages

Carter’s, Inc. (NYSE:CRI) has been given a consensus rating of “Reduce” by the seven brokerages that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, one has given a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $32.60.

A number of equities research analysts recently weighed in on CRI shares. Zacks Research raised shares of Carter’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Barclays boosted their target price on shares of Carter’s from $23.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, October 28th. The Goldman Sachs Group raised their price target on shares of Carter’s from $26.00 to $29.00 and gave the company a “sell” rating in a research note on Tuesday, January 13th. Citigroup upgraded Carter’s from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $34.00 to $50.00 in a research report on Wednesday, January 21st. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Carter’s in a research report on Friday, January 9th.

Institutional Investors Weigh In On Carter’s

A number of hedge funds and other institutional investors have recently modified their holdings of CRI. Hantz Financial Services Inc. raised its position in shares of Carter’s by 21.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,577 shares of the textile maker’s stock worth $51,000 after buying an additional 282 shares in the last quarter. Amalgamated Bank boosted its stake in Carter’s by 3.5% during the 3rd quarter. Amalgamated Bank now owns 10,756 shares of the textile maker’s stock valued at $304,000 after purchasing an additional 360 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Carter’s by 13.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,160 shares of the textile maker’s stock valued at $135,000 after purchasing an additional 479 shares during the period. Sound Income Strategies LLC raised its stake in shares of Carter’s by 9.9% in the 4th quarter. Sound Income Strategies LLC now owns 7,487 shares of the textile maker’s stock worth $243,000 after buying an additional 673 shares in the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Carter’s by 269.0% in the second quarter. Signaturefd LLC now owns 1,000 shares of the textile maker’s stock valued at $30,000 after buying an additional 729 shares during the period.

Carter’s Stock Down 0.5%

Shares of Carter’s stock opened at $37.79 on Thursday. The firm has a market cap of $1.38 billion, a P/E ratio of 15.30 and a beta of 1.06. The business has a 50-day moving average price of $34.35 and a 200 day moving average price of $31.01. The company has a quick ratio of 0.95, a current ratio of 2.26 and a debt-to-equity ratio of 0.58. Carter’s has a fifty-two week low of $23.38 and a fifty-two week high of $54.58.

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.