Carter’s (NYSE:CRI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Carter’s (NYSE:CRI) from a buy rating to a strong-buy rating in a research report report published on Monday morning.

A number of other research firms have also recently issued reports on CRI. Citigroup reissued a “buy” rating on shares of Carter’s in a research note on Tuesday, July 21st. UBS Group reaffirmed a “buy” rating on shares of Carter’s in a report on Wednesday, July 8th. Zacks Research lowered shares of Carter’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Weiss Ratings reissued a “sell (d+)” rating on shares of Carter’s in a research note on Friday, July 31st. Finally, Wells Fargo & Company raised shares of Carter’s from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $30.00 to $42.00 in a research note on Wednesday, June 17th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.17.

Carter’s Stock Performance

NYSE CRI opened at $39.10 on Monday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 4.71 and a beta of 0.86. The stock has a 50-day moving average of $40.01 and a 200 day moving average of $37.82. The company has a current ratio of 2.47, a quick ratio of 1.50 and a debt-to-equity ratio of 0.55. Carter’s has a twelve month low of $24.71 and a twelve month high of $44.44.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Friday, July 31st. The textile maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.06 by $0.20. The company had revenue of $615.49 million for the quarter, compared to analyst estimates of $605.68 million. Carter’s had a return on equity of 12.78% and a net margin of 6.55%.Carter’s’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. Sell-side analysts anticipate that Carter’s will post 3.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Carter’s

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG increased its stake in Carter’s by 29.6% during the fourth quarter. UBS Group AG now owns 1,349,777 shares of the textile maker’s stock worth $43,773,000 after acquiring an additional 308,347 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Carter’s in the 1st quarter valued at $4,896,000. Wolverine Asset Management LLC acquired a new position in shares of Carter’s in the 4th quarter valued at $906,000. Dimensional Fund Advisors LP grew its holdings in shares of Carter’s by 36.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,765,205 shares of the textile maker’s stock worth $63,121,000 after purchasing an additional 472,786 shares during the period. Finally, Rubric Capital Management LP grew its holdings in shares of Carter’s by 121.5% during the 1st quarter. Rubric Capital Management LP now owns 1,018,853 shares of the textile maker’s stock worth $36,434,000 after purchasing an additional 558,853 shares during the period.

About Carter’s

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.