Carter’s (NYSE:CRI) Downgraded to “Buy” Rating by Wall Street Zen

Carter’s (NYSE:CRI) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

A number of other equities analysts also recently issued reports on CRI. Citigroup reaffirmed a “buy” rating on shares of Carter’s in a report on Tuesday, July 21st. Zacks Research upgraded shares of Carter’s from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. Weiss Ratings raised shares of Carter’s from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Monness Crespi & Hardt boosted their price target on shares of Carter’s from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, UBS Group reaffirmed a “buy” rating on shares of Carter’s in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.17.

Carter’s Stock Up 0.9%

Shares of CRI stock traded up $0.29 during trading hours on Friday, reaching $33.63. The company had a trading volume of 1,059,207 shares, compared to its average volume of 1,225,799. Carter’s has a 12 month low of $27.15 and a 12 month high of $44.44. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.47 and a quick ratio of 1.50. The business has a fifty day simple moving average of $38.88 and a 200-day simple moving average of $37.82. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 6.30, a price-to-earnings-growth ratio of 3.76 and a beta of 0.86.

Carter’s (NYSE:CRI) last announced its earnings results on Friday, July 31st. The textile maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.20. Carter’s had a return on equity of 12.78% and a net margin of 6.55%.The company had revenue of $615.49 million for the quarter, compared to analysts’ expectations of $605.68 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Carter’s’s quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that Carter’s will post 3.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carter’s

A number of hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its holdings in shares of Carter’s by 113.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,564,457 shares of the textile maker’s stock worth $77,267,000 after buying an additional 1,364,698 shares during the last quarter. California State Teachers Retirement System increased its holdings in Carter’s by 3,916.7% during the second quarter. California State Teachers Retirement System now owns 1,858,497 shares of the textile maker’s stock worth $76,496,000 after buying an additional 1,812,228 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Carter’s by 36.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,765,205 shares of the textile maker’s stock worth $63,121,000 after buying an additional 472,786 shares during the last quarter. Morgan Stanley increased its holdings in Carter’s by 15.7% during the fourth quarter. Morgan Stanley now owns 1,762,036 shares of the textile maker’s stock worth $57,143,000 after buying an additional 239,469 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Carter’s by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,597,901 shares of the textile maker’s stock worth $51,820,000 after acquiring an additional 82,498 shares during the period.

Carter’s Company Profile

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.