Carter's (NYSE:CRI) Stock Price Target Lowered at UBS Group

Key Points

• UBS Group lowered Carter’s price target from $38 to $33 while maintaining a “neutral” rating, implying roughly 4.2% upside from the stock’s previous close.
• Analyst sentiment is broadly cautious: MarketBeat reports a consensus “Hold” rating and an average price target of $38.62, with five analysts rating the shares Hold.
• Carter’s recently beat quarterly earnings expectations, reporting adjusted EPS of $1.03 versus the $0.85 consensus and revenue of $752.46 million, though revenue declined 0.7% year over year.

Carter's (NYSE:CRI - Get Free Report) had its price target dropped by investment analysts at UBS Group from $38.00 to $33.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the textile maker's stock. UBS Group's price target indicates a potential upside of 4.20% from the stock's previous close.

A number of other equities research analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Carter's from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 26th. Citigroup reiterated a "buy" rating on shares of Carter's in a report on Tuesday, July 21st. Capital One Financial set a $40.00 price target on Carter's in a research report on Tuesday, September 8th. Weiss Ratings upgraded Carter's from a "sell (d+)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. Finally, Zacks Research cut Carter's from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $38.62.

Carter's Stock Up 0.4%

CRI traded up $0.13 on Monday, hitting $31.67. 1,868,910 shares of the company were exchanged, compared to its average volume of 1,207,982. Carter's has a 12 month low of $27.86 and a 12 month high of $44.44. The company has a market cap of $1.16 billion, a PE ratio of 5.26, a PEG ratio of 3.61 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.63 and a current ratio of 2.78. The stock's fifty day moving average is $31.98 and its 200-day moving average is $36.28.

Carter's (NYSE:CRI - Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The textile maker reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.18. Carter's had a return on equity of 13.25% and a net margin of 7.40%. The firm had revenue of $752.46 million during the quarter, compared to the consensus estimate of $747.34 million. During the same period last year, the company earned $0.74 earnings per share. The business's revenue was down .7% compared to the same quarter last year. Equities research analysts predict that Carter's will post 3.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC increased its holdings in shares of Carter's by 114.7% during the second quarter. Squarepoint Ops LLC now owns 97,709 shares of the textile maker's stock worth $4,022,000 after purchasing an additional 52,193 shares during the period. Wellington Management Group LLP boosted its stake in shares of Carter's by 11.9% in the 2nd quarter. Wellington Management Group LLP now owns 645,863 shares of the textile maker's stock valued at $26,584,000 after purchasing an additional 68,464 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Carter's during the second quarter worth $2,260,000. Dimensional Fund Advisors LP grew its position in Carter's by 36.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,765,205 shares of the textile maker's stock worth $63,121,000 after acquiring an additional 472,786 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Carter's in the first quarter valued at approximately $4,896,000.

About Carter's

Carter's, Inc NYSE: CRI is a major designer, source and marketer of apparel and related products for babies and young children. The company offers clothing, accessories, footwear, gifts and other products for infants, toddlers and children through brands including Carter's, OshKosh B'gosh, Little Planet and Skip Hop.

Founded in 1865, Carter's has built a long-standing presence in the children's apparel market. Its products are sold through company-operated retail stores, e-commerce websites and wholesale partners, including department stores, mass merchants and specialty retailers.

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