Carter's (NYSE:CRI) Given New $22.00 Price Target 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 objective cut by investment analysts at Barclays from $25.00 to $22.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an "underweight" rating on the textile maker's stock. Barclays's target price suggests a potential downside of 7.50% from the stock's current price.

Other analysts have also recently issued reports about the company. UBS Group reduced their price target on Carter's from $32.00 to $26.00 and set a "neutral" rating for the company in a report on Monday. Wells Fargo & Company increased their price objective on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 14th.

Carter's Stock Performance

Carter's stock traded down $0.46 during mid-day trading on Tuesday, reaching $23.79. 190,494 shares of the company were exchanged, compared to its average volume of 1,557,380. Carter's has a twelve month low of $23.50 and a twelve month high of $71.99. The firm's 50-day simple moving average is $30.91 and its two-hundred day simple moving average is $38.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 2.20. The firm has a market cap of $866.49 million, a PE ratio of 6.29 and a beta of 0.98.

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

Institutional Investors Weigh In On Carter's

A number of hedge funds and other institutional investors have recently bought and sold shares of CRI. Allworth Financial LP raised its holdings in Carter's by 313.1% during the first quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock worth $28,000 after purchasing an additional 548 shares during the last quarter. Colonial Trust Co SC acquired a new position in Carter's during the fourth quarter worth $29,000. Signaturefd LLC raised its holdings in Carter's by 269.0% during the second quarter. Signaturefd LLC now owns 1,000 shares of the textile maker's stock worth $30,000 after purchasing an additional 729 shares during the last quarter. Parallel Advisors LLC raised its holdings in Carter's by 80.9% during the first quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock worth $43,000 after purchasing an additional 475 shares during the last quarter. Finally, True Wealth Design LLC raised its holdings in Carter's by 173.0% during the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock worth $49,000 after purchasing an additional 571 shares during 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.