Carter's (NYSE:CRI) Price Target Lowered to $22.00 at Barclays

Key Points

• Barclays has lowered its price target for Carter's (NYSE:CRI) from $25.00 to $22.00, reflecting an "underweight" rating and indicating a potential downside of 13.47% from the stock's previous close.
• UBS Group and Wells Fargo have also adjusted their price targets for Carter's, with UBS lowering it to $26.00 and Wells Fargo raising it to $28.00, highlighting differing analyst perspectives on the stock’s future.
• Carter's reported a missed earnings expectation for the last quarter, with an EPS of $0.17 against a consensus estimate of $0.43, despite a revenue increase of 3.7% year-over-year.

Carter's (NYSE:CRI - Get Free Report) had its price target cut by equities researchers at Barclays from $25.00 to $22.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "underweight" rating on the textile maker's stock. Barclays's target price points to a potential downside of 6.86% from the stock's current price.

Several other brokerages have also weighed in on CRI. UBS Group cut their price objective on shares of Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a report on Monday, July 28th. Wells Fargo & Company increased their price objective on shares of Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a report on Wednesday, May 14th.

Carter's Trading Down 2.6%

Shares of CRI stock traded down $0.62 during trading hours on Tuesday, hitting $23.62. 1,636,538 shares of the company were exchanged, compared to its average volume of 1,772,386. The firm has a market cap of $860.48 million, a PE ratio of 6.27 and a beta of 0.99. Carter's has a 1 year low of $23.38 and a 1 year high of $71.99. The company has a quick ratio of 1.03, a current ratio of 2.20 and a debt-to-equity ratio of 0.58. The firm has a fifty day moving average of $30.76 and a 200 day moving average of $38.37.

Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The textile maker reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.26). The company had revenue of $585.31 million for the quarter, compared to analysts' expectations of $563.24 million. Carter's had a return on equity of 20.68% and a net margin of 4.79%. The company's revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.76 earnings per share. Analysts expect that Carter's will post 5.15 earnings per share for the current year.

Institutional Trading of Carter's

Several large investors have recently bought and sold shares of the company. Hsbc Holdings PLC grew its position in Carter's by 7.1% in the fourth quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker's stock valued at $279,000 after acquiring an additional 347 shares in the last quarter. SummerHaven Investment Management LLC grew its position in Carter's by 3.1% in the second quarter. SummerHaven Investment Management LLC now owns 12,998 shares of the textile maker's stock valued at $392,000 after acquiring an additional 385 shares in the last quarter. Covestor Ltd grew its position in Carter's by 18.6% in the first quarter. Covestor Ltd now owns 2,575 shares of the textile maker's stock valued at $106,000 after acquiring an additional 404 shares in the last quarter. US Bancorp DE grew its position in Carter's by 45.0% in the first quarter. US Bancorp DE now owns 1,408 shares of the textile maker's stock valued at $58,000 after acquiring an additional 437 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Carter's by 1.7% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 26,147 shares of the textile maker's stock worth $1,417,000 after buying an additional 448 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.