Carter's (NYSE:CRI) Given New $64.00 Price Target at Citigroup

Carter's (NYSE:CRI - Get Free Report) had its price objective lowered by investment analysts at Citigroup from $66.00 to $64.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a "sell" rating on the textile maker's stock. Citigroup's target price indicates a potential downside of 10.38% from the stock's previous close.

CRI has been the subject of several other research reports. Monness Crespi & Hardt cut shares of Carter's from a "buy" rating to a "neutral" rating in a research report on Monday, February 26th. TheStreet raised shares of Carter's from a "c+" rating to a "b-" rating in a research report on Friday, December 22nd. StockNews.com cut shares of Carter's from a "buy" rating to a "hold" rating in a research report on Wednesday, April 10th. UBS Group increased their target price on shares of Carter's from $76.00 to $79.00 and gave the stock a "neutral" rating in a report on Wednesday, February 28th. Finally, Evercore ISI increased their target price on shares of Carter's from $70.00 to $80.00 and gave the stock an "in-line" rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, Carter's currently has a consensus rating of "Hold" and an average price target of $75.25.

Carter's Stock Performance

Shares of NYSE:CRI traded up $0.09 on Thursday, hitting $71.41. The company had a trading volume of 635,983 shares, compared to its average volume of 770,745. Carter's has a 1-year low of $60.65 and a 1-year high of $88.03. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 2.10 and a beta of 1.29. The stock has a 50 day moving average price of $81.04 and a 200 day moving average price of $74.56. The company has a current ratio of 2.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.59.

Carter's (NYSE:CRI - Get Free Report) last released its quarterly earnings data on Tuesday, February 27th. The textile maker reported $2.76 EPS for the quarter, beating the consensus estimate of $2.52 by $0.24. Carter's had a net margin of 7.89% and a return on equity of 28.79%. The firm had revenue of $858.00 million for the quarter, compared to the consensus estimate of $867.81 million. During the same period in the previous year, the company earned $2.29 earnings per share. The company's quarterly revenue was down 5.9% on a year-over-year basis. Analysts expect that Carter's will post 6.52 EPS for the current year.

Insider Activity at Carter's

In related news, Director Mark Hipp sold 1,875 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $81.74, for a total value of $153,262.50. Following the completion of the transaction, the director now owns 10,216 shares in the company, valued at approximately $835,055.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CRI. Raymond James & Associates raised its holdings in Carter's by 29.7% in the 1st quarter. Raymond James & Associates now owns 27,235 shares of the textile maker's stock valued at $2,505,000 after buying an additional 6,241 shares during the last quarter. US Bancorp DE increased its position in Carter's by 6.2% during the 1st quarter. US Bancorp DE now owns 4,787 shares of the textile maker's stock valued at $440,000 after purchasing an additional 280 shares during the period. Acadian Asset Management LLC acquired a new stake in Carter's during the 1st quarter valued at approximately $601,000. MetLife Investment Management LLC increased its position in Carter's by 33.4% during the 1st quarter. MetLife Investment Management LLC now owns 27,317 shares of the textile maker's stock valued at $2,513,000 after purchasing an additional 6,834 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Carter's by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,490 shares of the textile maker's stock valued at $1,425,000 after purchasing an additional 1,477 shares during the period.

Carter's Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.