UBS Group Issues Pessimistic Forecast for Carter’s (NYSE:CRI) Stock Price

Carter’s (NYSE:CRI) had its target price cut by UBS Group from $57.00 to $49.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. UBS Group’s target price indicates a potential upside of 16.40% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Citigroup lowered their price objective on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday. Wells Fargo & Company lowered their price target on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $55.20.

Carter’s Trading Down 0.5 %

Shares of NYSE:CRI opened at $42.10 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The firm has a market capitalization of $1.52 billion, a P/E ratio of 6.68, a P/E/G ratio of 3.37 and a beta of 1.21. The business’s 50-day moving average is $52.59 and its 200 day moving average is $58.14. Carter’s has a 1 year low of $41.59 and a 1 year high of $88.03.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.52. The firm had revenue of $859.70 million for the quarter, compared to the consensus estimate of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.76 earnings per share. On average, research analysts predict that Carter’s will post 5.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carter’s

Several hedge funds have recently added to or reduced their stakes in CRI. Vanguard Group Inc. lifted its holdings in shares of Carter’s by 10.4% in the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock valued at $211,100,000 after buying an additional 366,293 shares during the period. Pacer Advisors Inc. raised its position in Carter’s by 155.0% during the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock valued at $154,500,000 after acquiring an additional 1,732,857 shares in the last quarter. First Trust Advisors LP lifted its holdings in Carter’s by 33.3% in the fourth quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker’s stock valued at $104,042,000 after acquiring an additional 479,961 shares during the period. AQR Capital Management LLC boosted its position in Carter’s by 124.4% in the 4th quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker’s stock worth $93,134,000 after purchasing an additional 964,494 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Carter’s by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker’s stock worth $100,422,000 after purchasing an additional 60,089 shares in the last quarter.

Carter’s Company Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.