Carter’s (NYSE:CRI) Rating Increased to Hold at Zacks Research

Carter’s (NYSE:CRI) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other research firms have also recently commented on CRI. Weiss Ratings restated a “sell (d+)” rating on shares of Carter’s in a research note on Tuesday, October 14th. Barclays raised their price objective 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. UBS Group boosted their price target on shares of Carter’s from $26.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. The Goldman Sachs Group began coverage on Carter’s in a research note on Thursday, December 11th. They issued a “sell” rating and a $26.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on Carter’s from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 28th. Three equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Carter’s currently has an average rating of “Strong Sell” and a consensus target price of $28.80.

Carter’s Stock Down 1.8%

CRI stock opened at $32.10 on Tuesday. Carter’s has a one year low of $23.38 and a one year high of $56.89. The firm has a market cap of $1.17 billion, a PE ratio of 12.99 and a beta of 1.08. The firm’s 50 day moving average price is $31.30 and its 200-day moving average price is $30.00. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.95 and a current ratio of 2.26.

Carter’s (NYSE:CRI) last posted its earnings results on Monday, October 27th. The textile maker reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.04). Carter’s had a return on equity of 16.71% and a net margin of 3.15%.The business had revenue of $757.84 million for the quarter, compared to analyst estimates of $760.11 million. During the same period last year, the business earned $1.64 EPS. Carter’s’s revenue was down .1% compared to the same quarter last year. On average, equities research analysts anticipate that Carter’s will post 5.15 EPS for the current year.

Institutional Investors Weigh In On Carter’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. RWWM Inc. boosted its holdings in shares of Carter’s by 44.8% in the 3rd quarter. RWWM Inc. now owns 5,900,170 shares of the textile maker’s stock valued at $166,503,000 after purchasing an additional 1,824,379 shares in the last quarter. Vanguard Group Inc. boosted its stake in Carter’s by 1.1% in the third quarter. Vanguard Group Inc. now owns 4,226,804 shares of the textile maker’s stock valued at $119,280,000 after buying an additional 46,560 shares in the last quarter. AQR Capital Management LLC grew its position in Carter’s by 113.7% in the second quarter. AQR Capital Management LLC now owns 2,564,457 shares of the textile maker’s stock valued at $77,267,000 after acquiring an additional 1,364,698 shares during the last quarter. Millennium Management LLC raised its stake in Carter’s by 14,270.6% during the first quarter. Millennium Management LLC now owns 1,631,493 shares of the textile maker’s stock worth $66,728,000 after acquiring an additional 1,620,140 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Carter’s by 6.9% during the third quarter. American Century Companies Inc. now owns 1,349,872 shares of the textile maker’s stock worth $38,093,000 after acquiring an additional 87,374 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.