UBS Group Has Lowered Expectations for Carter's (NYSE:CRI) Stock Price

Carter's (NYSE:CRI - Get Free Report) had its target price cut by equities research analysts at UBS Group from $37.00 to $32.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the textile maker's stock. UBS Group's target price points to a potential downside of 8.47% from the company's previous close.

A number of other research analysts have also recently commented on CRI. Citigroup dropped their price target on Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company dropped their price objective 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, February 26th. Finally, Barclays began coverage on shares of Carter's in a research note on Monday, April 28th. They issued an "underweight" rating and a $25.00 target price for the company. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus price target of $36.20.

Carter's Stock Performance

NYSE CRI traded up $1.62 during trading hours on Monday, reaching $34.96. 1,479,360 shares of the company were exchanged, compared to its average volume of 1,239,959. The stock has a market capitalization of $1.27 billion, a P/E ratio of 5.55, a P/E/G ratio of 3.37 and a beta of 1.05. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter's has a 1 year low of $32.04 and a 1 year high of $72.11. The business's 50 day simple moving average is $38.63 and its 200-day simple moving average is $48.97.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.13. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The company had revenue of $291.09 million during the quarter, compared to analyst estimates of $624.86 million. During the same quarter last year, the business posted $0.98 EPS. Carter's's quarterly revenue was down 4.8% compared to the same quarter last year. On average, equities research analysts expect that Carter's will post 5.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CRI. Pacer Advisors Inc. boosted its position in shares of Carter's by 155.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock valued at $154,500,000 after acquiring an additional 1,732,857 shares during the period. RWWM Inc. lifted its stake in Carter's by 145.3% in the 1st quarter. RWWM Inc. now owns 2,190,482 shares of the textile maker's stock worth $89,591,000 after purchasing an additional 1,297,607 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Carter's by 124.4% in the 4th quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker's stock valued at $93,134,000 after purchasing an additional 964,494 shares during the period. D. E. Shaw & Co. Inc. grew its position in shares of Carter's by 108.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,126,468 shares of the textile maker's stock valued at $61,043,000 after purchasing an additional 584,850 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Carter's by 33.3% in the fourth quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker's stock worth $104,042,000 after purchasing an additional 479,961 shares during the period.

Carter's Company Profile

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.