Carter’s, Inc. (NYSE:CRI) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Carter’s, Inc. (NYSE:CRI) have been assigned a consensus recommendation of “Reduce” from the five analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $65.60.

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a report on Wednesday. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Tuesday, November 12th.

Carter’s Stock Performance

CRI stock traded up $0.66 during trading on Wednesday, reaching $44.33. 378,989 shares of the stock were exchanged, compared to its average volume of 1,013,905. Carter’s has a twelve month low of $42.55 and a twelve month high of $88.03. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.60 billion, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. The stock has a 50 day simple moving average of $53.10 and a 200-day simple moving average of $58.37.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.52. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The company had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. During the same quarter last year, the firm earned $2.76 EPS. Carter’s’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carter’s will post 5.15 earnings per share for the current year.

Institutional Investors Weigh In On Carter’s

Hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position in shares of Carter’s by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after purchasing an additional 270 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Carter’s in the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its stake in Carter’s by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 507 shares in the last quarter. Colonial Trust Co SC acquired a new stake in Carter’s during the 4th quarter worth $29,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares in the last quarter.

About Carter’s

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.