Carter's - CRI Stock Forecast, Price & News

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, Carter's My First Love, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International. Its Carter's products include babies and young children products, such as bodysuits, pants, dresses, knit sets, blankets, layette essentials, bibs, booties, sleep and play products, rompers, and jumpers; and OshKosh brand products comprise playclothes, such as denim apparel products with multiple wash treatments and coordinating garments, overalls, woven bottoms, knit tops, and bodysuits. The company also provides products for playtime, travel, mealtime, bathtime, and homegear, as well as kid's bags and diaper bags under the Skip Hop brand. In addition, it offers bedding, cribs, diaper bags, footwear, gift sets, hair accessories, jewelry, outerwear, paper goods, socks, shoes, swimwear, and toys. The company operates 18,800 wholesale locations, including department stores, national chain stores, and specialty stores. As of December 31, 2021, it operated 980 retail stores. The company also sells its products through its eCommerce websites, such as carters.com, oshkoshbgosh.com, oshkosh.com, and skiphop.com, as well as other international wholesale accounts and licensees. Carter's, Inc. was founded in 1865 and is headquartered in Atlanta, Georgia.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Evercore ISI lowered their price target on Carter's to $80.00 in a research report on Tuesday. B. Riley lowered their price target on Carter's to $99.00 in a research report on Tuesday. StockNews.com cut Carter's from a "buy" rating to a "hold" rating in a research report on Thursday, April 28th. TheStreet lowered Carter's from a "b-" rating to a "c+" rating in a research note on Friday, June 3rd. Finally, Bank of America lowered Carter's from a "buy" rating to an "underperform" rating and cut their price target for the company from $120.00 to $82.00 in a research note on Wednesday, April 27th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, Carter's currently has a consensus rating of "Hold" and an average price target of $86.29.

Carter's Trading Up 1.0 %

NYSE:CRI traded up $0.82 during mid-day trading on Friday, hitting $83.89. The company had a trading volume of 462,314 shares, compared to its average volume of 837,090. Carter's has a fifty-two week low of $67.88 and a fifty-two week high of $111.17. The business's fifty day moving average is $76.25 and its two-hundred day moving average is $84.19. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.77 and a current ratio of 2.09. The firm has a market cap of $3.27 billion, a P/E ratio of 12.28, a P/E/G ratio of 3.72 and a beta of 1.29.

Carter's (NYSE:CRI - Get Rating) last released its earnings results on Friday, July 29th. The textile maker reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.63 by ($0.33). Carter's had a net margin of 8.35% and a return on equity of 42.73%. The company had revenue of $700.60 million during the quarter, compared to analyst estimates of $744.31 million. During the same period in the previous year, the company posted $1.67 EPS. The company's quarterly revenue was down 6.1% compared to the same quarter last year. As a group, research analysts expect that Carter's will post 7.24 earnings per share for the current year.

Carter's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 10th. Shareholders of record on Tuesday, May 31st were issued a $0.75 dividend. The ex-dividend date was Friday, May 27th. This represents a $3.00 annualized dividend and a dividend yield of 3.58%. Carter's's dividend payout ratio (DPR) is currently 43.92%.

Insiders Place Their Bets

In other Carter's news, SVP Ben Pivar sold 398 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $81.77, for a total value of $32,544.46. Following the completion of the sale, the senior vice president now directly owns 12,119 shares in the company, valued at $990,970.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Ben Pivar sold 398 shares of the stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $81.77, for a total transaction of $32,544.46. Following the completion of the transaction, the senior vice president now directly owns 12,119 shares in the company, valued at $990,970.63. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William J. Montgoris acquired 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 20th. The shares were purchased at an average price of $75.00 per share, with a total value of $75,000.00. Following the completion of the acquisition, the director now owns 39,525 shares of the company's stock, valued at approximately $2,964,375. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company's stock.