Carter’s (NYSE:CRI) Trading 6.1% Higher – Time to Buy?

Shares of Carter’s, Inc. (NYSE:CRI) were up 6.1% on Monday . The stock traded as high as $35.82 and last traded at $35.51. Approximately 102,412 shares changed hands during trading, a decline of 92% from the average daily volume of 1,245,602 shares. The stock had previously closed at $33.46.

Analyst Ratings Changes

A number of brokerages recently weighed in on CRI. Citigroup upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $34.00 to $50.00 in a report on Wednesday, January 21st. Weiss Ratings cut Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Monness Crespi & Hardt upped their price target on Carter’s from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Zacks Research raised Carter’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Finally, Wells Fargo & Company upped their target price on shares of Carter’s from $28.00 to $33.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.67.

Carter’s Stock Up 4.1%

The firm’s 50-day moving average price is $35.47 and its two-hundred day moving average price is $34.73. The firm has a market cap of $1.28 billion, a PE ratio of 14.05 and a beta of 0.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.80.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.26. The firm had revenue of $681.11 million for the quarter, compared to analyst estimates of $660.59 million. Carter’s had a net margin of 3.07% and a return on equity of 13.06%. Carter’s’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS. Carter’s has set its Q2 2026 guidance at 0.020-0.060 EPS. As a group, equities research analysts expect that Carter’s, Inc. will post 3.06 EPS for the current fiscal year.

Carter’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Tuesday, May 26th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. Carter’s’s dividend payout ratio is 40.32%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC purchased a new position in Carter’s in the first quarter valued at about $4,896,000. The Manufacturers Life Insurance Company boosted its stake in shares of Carter’s by 34.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 14,313 shares of the textile maker’s stock worth $512,000 after acquiring an additional 3,703 shares in the last quarter. SummitTX Capital L.P. grew its holdings in shares of Carter’s by 68.2% in the 1st quarter. SummitTX Capital L.P. now owns 41,137 shares of the textile maker’s stock worth $1,471,000 after acquiring an additional 16,687 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Carter’s in the 1st quarter valued at approximately $119,000. Finally, Aristides Capital LLC increased its stake in Carter’s by 123.3% in the 1st quarter. Aristides Capital LLC now owns 163,949 shares of the textile maker’s stock valued at $5,863,000 after purchasing an additional 90,533 shares in the last quarter.

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.