Carter’s (NYSE:CRI) Stock Rating Upgraded by Wall Street Zen

Carter’s (NYSE:CRI) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Several other analysts also recently commented on the stock. Weiss Ratings downgraded shares of Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. UBS Group reiterated a “buy” rating on shares of Carter’s in a research note on Wednesday, July 8th. Monness Crespi & Hardt boosted their target price on shares of Carter’s from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Zacks Research lowered shares of Carter’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Finally, Wells Fargo & Company upgraded shares of Carter’s from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $30.00 to $42.00 in a report on Wednesday, June 17th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $41.17.

Carter’s Stock Up 3.4%

Shares of Carter’s stock opened at $39.89 on Friday. Carter’s has a one year low of $23.68 and a one year high of $44.44. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.47 and a quick ratio of 1.50. The stock’s 50-day moving average is $39.91 and its 200 day moving average is $37.66. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 7.47 and a beta of 0.87.

Carter’s (NYSE:CRI) last issued its earnings results on Friday, July 31st. The textile maker reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.20. The business had revenue of $615.49 million during the quarter, compared to the consensus estimate of $605.68 million. Carter’s had a return on equity of 12.78% and a net margin of 6.55%.The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share. Equities research analysts anticipate that Carter’s will post 3.09 EPS for the current year.

Hedge Funds Weigh In On Carter’s

Several large investors have recently added to or reduced their stakes in the business. UMB Bank n.a. increased its holdings in Carter’s by 445.8% during the 4th quarter. UMB Bank n.a. now owns 775 shares of the textile maker’s stock worth $25,000 after purchasing an additional 633 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Carter’s by 555.9% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,115 shares of the textile maker’s stock valued at $31,000 after buying an additional 945 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Carter’s by 202.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker’s stock valued at $45,000 after buying an additional 995 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in Carter’s by 21.8% during the fourth 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. Finally, State of Wyoming grew its holdings in Carter’s by 1,380.6% during the fourth quarter. State of Wyoming now owns 2,132 shares of the textile maker’s stock worth $69,000 after buying an additional 1,988 shares in the last quarter.

Carter’s Company Profile

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.