Carter's (NYSE:CRI - Get Free Report)'s stock had its "sell (d+)" rating restated by equities research analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.
Other research analysts have also issued research reports about the company. UBS Group decreased their target price on Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Zacks Research lowered Carter's from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. Finally, Barclays increased their target price on Carter's from $22.00 to $23.00 and gave the company an "underweight" rating in a research report on Tuesday. Two research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat, Carter's presently has an average rating of "Strong Sell" and a consensus target price of $30.50.
Get Our Latest Research Report on Carter's
Carter's Stock Performance
Carter's stock traded up $1.23 during mid-day trading on Tuesday, hitting $30.97. The company had a trading volume of 360,384 shares, compared to its average volume of 1,484,711. The company has a current ratio of 2.20, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Carter's has a 12-month low of $23.38 and a 12-month high of $68.69. The company's fifty day moving average is $28.20 and its 200-day moving average is $31.27. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 8.20 and a beta of 1.07.
Carter's (NYSE:CRI - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The textile maker reported $0.17 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $563.24 million. During the same quarter in the prior year, the company posted $0.76 EPS. The company's revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts predict that Carter's will post 5.15 EPS for the current year.
Institutional Trading of Carter's
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC increased its stake in shares of Carter's by 3.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 12,998 shares of the textile maker's stock worth $392,000 after acquiring an additional 385 shares during the last quarter. Covestor Ltd increased its stake in shares of Carter's by 18.6% in the 1st quarter. Covestor Ltd now owns 2,575 shares of the textile maker's stock worth $106,000 after acquiring an additional 404 shares during the last quarter. US Bancorp DE increased its stake in shares of Carter's by 45.0% in the 1st quarter. US Bancorp DE now owns 1,408 shares of the textile maker's stock worth $58,000 after acquiring an additional 437 shares during the last quarter. Allworth Financial LP increased its stake in shares of Carter's by 313.1% in the 1st quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock worth $28,000 after acquiring an additional 548 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Carter's by 38.2% in the 1st quarter. GAMMA Investing LLC now owns 2,004 shares of the textile maker's stock worth $82,000 after acquiring an additional 554 shares during the last quarter.
About Carter's
(
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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.
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