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NYSE:CRI

Carter's - CRI Stock Forecast, Price & News

$83.98
-1.38 (-1.62%)
(As of 08/17/2022 12:00 AM ET)
Add
Compare
Today's Range
$83.36
$84.99
50-Day Range
$68.43
$85.36
52-Week Range
$67.88
$111.17
Volume
374,758 shs
Average Volume
655,237 shs
Market Capitalization
$3.27 billion
P/E Ratio
12.30
Dividend Yield
3.51%
Price Target
$86.29

Carter's MarketRank™ Forecast

Analyst Rating
Hold
1.80 Rating Score
Upside/​Downside
2.7% Upside
$86.29 Price Target
Short Interest
Healthy
6.40% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.31
Upright™ Environmental Score
News Sentiment
0.13mentions of Carter
Based on 10 Articles This Week
Insider Trading
Acquiring Shares
$75,000 Bought Last Quarter
Proj. Earnings Growth
7.87%
From $7.24 to $7.81 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

Consumer Discretionary Sector

196th out of 294 stocks

Apparel, Finished Products From Fabrics & Similar Materials Industry

11th out of 13 stocks

CRI stock logo

About Carter's (NYSE:CRI) Stock

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 Analysts Forecast Growth

Several equities research analysts have weighed in on the company. TheStreet cut Carter's from a "b-" rating to a "c+" rating in a research note on Friday, June 3rd. Bank of America downgraded shares of Carter's from a "buy" rating to an "underperform" rating and reduced their target price for the company from $120.00 to $82.00 in a research note on Wednesday, April 27th. Evercore ISI dropped their price target on shares of Carter's to $80.00 in a research note on Tuesday, August 9th. StockNews.com lowered shares of Carter's from a "buy" rating to a "hold" rating in a research report on Thursday, April 28th. Finally, B. Riley dropped their target price on Carter's to $99.00 in a research report on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Carter's currently has an average rating of "Hold" and an average price target of $86.29.

Carter's Trading Down 1.3 %

CRI Stock traded down $1.13 during mid-day trading on Wednesday, reaching $84.23. The company had a trading volume of 7,202 shares, compared to its average volume of 818,522. The company has a market capitalization of $3.28 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 3.71 and a beta of 1.29. The firm has a 50 day moving average of $76.50 and a 200 day moving average of $84.08. Carter's has a 12 month low of $67.88 and a 12 month high of $111.17. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.09 and a quick ratio of 0.77.

Carter's (NYSE:CRI - Get Rating) last announced its quarterly earnings data on Friday, July 29th. The textile maker reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by ($0.33). The firm had revenue of $700.60 million during the quarter, compared to the consensus estimate of $744.31 million. Carter's had a return on equity of 42.73% and a net margin of 8.35%. The firm's revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the company earned $1.67 EPS. On average, equities analysts predict that Carter's will post 7.24 earnings per share for the current fiscal year.

Carter's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Investors of record on Tuesday, May 31st were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Friday, May 27th. Carter's's dividend payout ratio (DPR) is presently 43.92%.

Insiders Place Their Bets

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

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CRI Stock News Headlines

Rams claim DE T.J. Carter, waive WR Warren Jackson - Rams Wire
Carter's (NYSE:CRI) PT Lowered to $80.00 at Evercore ISI
Evercore ISI Cuts Carter's (NYSE:CRI) Price Target to $80.00
Carter's (NYSE:CRI) Given New $99.00 Price Target at B. Riley
B. Riley Cuts Carter's (NYSE:CRI) Price Target to $99.00
Where Carter's Stands With Analysts - Benzinga
See More Headlines
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CRI Company Calendar

Ex-Dividend for 6/10 Dividend
5/27/2022
Dividend Payable
6/10/2022
Last Earnings
7/29/2022
Today
8/17/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Apparel, finished products from fabrics & similar materials
Sub-Industry
Apparel Accessories & Luxury Goods
CUSIP
14622910
Employees
15,900
Year Founded
1865

Price Target and Rating

Average Stock Price Forecast
$86.29
High Stock Price Forecast
$108.00
Low Stock Price Forecast
$68.00
Forecasted Upside/Downside
+2.7%
Consensus Rating
Hold
Rating Score (0-4)
1.80
Research Coverage
5 Analysts

Profitability

Net Income
$339.75 million
Pretax Margin
10.69%

Debt

Sales & Book Value

Annual Sales
$3.49 billion
Cash Flow
$10.55 per share
Book Value
$21.05 per share

Miscellaneous

Free Float
37,592,000
Market Cap
$3.27 billion
Optionable
Optionable
Beta
1.29

Social Links


Key Executives














CRI Stock - Frequently Asked Questions

Should I buy or sell Carter's stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Carter's in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" CRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CRI, but not buy additional shares or sell existing shares.
View CRI analyst ratings
or view top-rated stocks.

What is Carter's' stock price forecast for 2022?

5 equities research analysts have issued twelve-month price objectives for Carter's' stock. Their CRI share price forecasts range from $68.00 to $108.00. On average, they expect the company's stock price to reach $86.29 in the next twelve months. This suggests a possible upside of 2.7% from the stock's current price.
View analysts price targets for CRI
or view top-rated stocks among Wall Street analysts.

How have CRI shares performed in 2022?

Carter's' stock was trading at $101.22 at the start of the year. Since then, CRI stock has decreased by 17.0% and is now trading at $83.98.
View the best growth stocks for 2022 here
.

Are investors shorting Carter's?

Carter's saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,430,000 shares, a drop of 20.1% from the July 15th total of 3,040,000 shares. Based on an average trading volume of 828,400 shares, the days-to-cover ratio is presently 2.9 days. Approximately 6.4% of the shares of the company are short sold.
View Carter's' Short Interest
.

When is Carter's' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our CRI earnings forecast
.

How were Carter's' earnings last quarter?

Carter's, Inc. (NYSE:CRI) issued its quarterly earnings data on Friday, July, 29th. The textile maker reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.63 by $0.33. The textile maker earned $700.60 million during the quarter, compared to analysts' expectations of $744.31 million. Carter's had a trailing twelve-month return on equity of 42.73% and a net margin of 8.35%. The firm's revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.67 EPS.

How often does Carter's pay dividends? What is the dividend yield for Carter's?

Carter's announced a quarterly dividend on Thursday, May 19th. Shareholders of record on Tuesday, May 31st will be given a dividend of $0.75 per share on Friday, June 10th. This represents a $3.00 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Friday, May 27th.
Read our dividend analysis for CRI
.

Is Carter's a good dividend stock?

Carter's (NYSE:CRI) pays an annual dividend of $3.00 per share and currently has a dividend yield of 3.51%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 43.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CRI will have a dividend payout ratio of 38.41% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CRI.

What guidance has Carter's issued on next quarter's earnings?

Carter's updated its third quarter 2022 earnings guidance on Friday, August, 5th. The company provided earnings per share guidance of $1.50-$1.70 for the period, compared to the consensus EPS estimate of $2.17. The company issued revenue guidance of $850.00 million-$865.00 million, compared to the consensus revenue estimate of $910.98 million.

What is Mike Casey's approval rating as Carter's' CEO?

469 employees have rated Carter's Chief Executive Officer Mike Casey on Glassdoor.com. Mike Casey has an approval rating of 86% among the company's employees.

What other stocks do shareholders of Carter's own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Carter's investors own include CVS Health (CVS), Cisco Systems (CSCO), Home Depot (HD), Intel (INTC), QUALCOMM (QCOM), Starbucks (SBUX), Skyworks Solutions (SWKS), Alphabet (GOOG), Walt Disney (DIS) and Netflix (NFLX).

What is Carter's' stock symbol?

Carter's trades on the New York Stock Exchange (NYSE) under the ticker symbol "CRI."

Who are Carter's' major shareholders?

Carter's' stock is owned by many different institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (7.95%), Mackenzie Financial Corp (5.66%), State Street Corp (2.81%), Victory Capital Management Inc. (2.53%), Boston Trust Walden Corp (1.87%) and Aristotle Capital Boston LLC (1.60%). Insiders that own company stock include Amy Woods Brinkley, Ben Pivar, Brian Lynch, Greg Foglesong, Jill Wilson, Julie D'emilio, Kendra Krugman, Michael Dennis Casey, Richard F Westenberger and William J Montgoris.
View institutional ownership trends
.

How do I buy shares of Carter's?

Shares of CRI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Carter's' stock price today?

One share of CRI stock can currently be purchased for approximately $83.98.

How much money does Carter's make?

Carter's (NYSE:CRI) has a market capitalization of $3.27 billion and generates $3.49 billion in revenue each year. The textile maker earns $339.75 million in net income (profit) each year or $6.83 on an earnings per share basis.

How many employees does Carter's have?

The company employs 15,900 workers across the globe.

Does Carter's have any subsidiaries?
The following companies are subsidiares of Carter's: Skip Hop.
Read More
When was Carter's founded?

Carter's was founded in 1865.

How can I contact Carter's?

Carter's' mailing address is 3438 PEACHTREE ROAD NE SUITE 1800 PHIPPS TOWER, ATLANTA GA, 30326. The official website for the company is www.carters.com. The textile maker can be reached via phone at (678) 791-1000, via email at investor@carters.com, or via fax at 404-892-3079.

This page (NYSE:CRI) was last updated on 8/17/2022 by MarketBeat.com Staff

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