Shares of Carter's, Inc. (NYSE:CRI) have earned an average rating of “Buy” from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $118.75.
Several equities analysts recently weighed in on CRI shares. Cowen set a $105.00 price target on shares of Carter's and gave the stock a “hold” rating in a report on Thursday, November 16th. Wells Fargo & Co reiterated a “market perform” rating and issued a $123.00 price target (up previously from $105.00) on shares of Carter's in a report on Thursday, January 11th. Zacks Investment Research downgraded shares of Carter's from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Oppenheimer increased their price target on shares of Carter's from $125.00 to $135.00 and gave the stock an “outperform” rating in a report on Thursday, February 22nd. Finally, B. Riley increased their price target on shares of Carter's from $111.00 to $124.00 and gave the stock a “buy” rating in a report on Monday, December 18th.
In other Carter's news, insider Brian Lynch sold 26,500 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $116.12, for a total value of $3,077,180.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Greg Foglesong sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $117.98, for a total value of $707,880.00. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CRI. Aperio Group LLC boosted its position in Carter's by 30.9% in the 3rd quarter. Aperio Group LLC now owns 10,939 shares of the textile maker’s stock worth $1,080,000 after purchasing an additional 2,581 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Carter's in the 3rd quarter worth approximately $505,000. State Board of Administration of Florida Retirement System boosted its position in Carter's by 1.4% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 71,878 shares of the textile maker’s stock worth $7,098,000 after purchasing an additional 980 shares in the last quarter. Boston Partners boosted its position in Carter's by 70.6% in the 3rd quarter. Boston Partners now owns 83,513 shares of the textile maker’s stock worth $8,247,000 after purchasing an additional 34,556 shares in the last quarter. Finally, FDx Advisors Inc. boosted its position in Carter's by 34.6% in the 3rd quarter. FDx Advisors Inc. now owns 10,312 shares of the textile maker’s stock worth $1,018,000 after purchasing an additional 2,653 shares in the last quarter. Institutional investors and hedge funds own 95.48% of the company’s stock.
Carter's (CRI) opened at $114.12 on Friday. Carter's has a fifty-two week low of $79.76 and a fifty-two week high of $129.00. The company has a current ratio of 3.10, a quick ratio of 1.43 and a debt-to-equity ratio of 0.72. The stock has a market cap of $5,374.02, a PE ratio of 18.17, a PEG ratio of 1.77 and a beta of 0.35.
Carter's (NYSE:CRI) last posted its quarterly earnings data on Tuesday, February 27th. The textile maker reported $2.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.12. Carter's had a net margin of 8.90% and a return on equity of 35.46%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted $1.79 earnings per share. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. sell-side analysts forecast that Carter's will post 6.65 EPS for the current year.
Carter's announced that its board has approved a stock buyback program on Tuesday, February 27th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the textile maker to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Monday, March 12th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.58%. The ex-dividend date is Friday, March 9th. This is a positive change from Carter's’s previous quarterly dividend of $0.37. Carter's’s dividend payout ratio is currently 23.57%.
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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