Carter’s (NYSE:CRI) Stock Rating Lowered by Wall Street Zen

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

CRI has been the topic of a number of other reports. Citigroup reaffirmed a “buy” rating on shares of Carter’s in a research note on Tuesday, July 21st. UBS Group reissued a “buy” rating on shares of Carter’s in a research report on Wednesday, July 8th. BMO Capital Markets assumed coverage on shares of Carter’s in a report on Tuesday, September 8th. They set an “outperform” rating and a $40.00 price target for the company. Wells Fargo & Company upgraded shares of Carter’s from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $30.00 to $42.00 in a research report on Wednesday, June 17th. Finally, Weiss Ratings raised shares of Carter’s from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Carter’s has a consensus rating of “Moderate Buy” and an average target price of $40.88.

Carter’s Stock Performance

NYSE CRI opened at $31.25 on Friday. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 5.85, a PEG ratio of 3.53 and a beta of 0.84. Carter’s has a twelve month low of $27.15 and a twelve month high of $44.44. The stock has a fifty day simple moving average of $35.16 and a 200 day simple moving average of $36.76. The company has a quick ratio of 1.50, a current ratio of 2.47 and a debt-to-equity ratio of 0.55.

Carter’s (NYSE:CRI) last announced its earnings results on Friday, July 31st. The textile maker reported $0.26 EPS for the quarter, topping 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 firm had revenue of $615.49 million for the quarter, compared to the consensus estimate of $605.68 million. During the same period in the previous year, the business earned $0.17 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts expect that Carter’s will post 3.28 EPS for the current year.

Institutional Trading of Carter’s

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake 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 acquiring an additional 472,786 shares in the last quarter. Rubric Capital Management LP increased its stake in Carter’s by 121.5% in the first quarter. Rubric Capital Management LP now owns 1,018,853 shares of the textile maker’s stock valued at $36,434,000 after purchasing an additional 558,853 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Carter’s in the second quarter valued at $28,348,000. Wellington Management Group LLP raised its holdings in shares of Carter’s by 11.9% during the second quarter. Wellington Management Group LLP now owns 645,863 shares of the textile maker’s stock valued at $26,584,000 after purchasing an additional 68,464 shares during the period. Finally, Aristides Capital LLC raised its holdings in shares of Carter’s by 123.3% during the first quarter. Aristides Capital LLC now owns 163,949 shares of the textile maker’s stock valued at $5,863,000 after purchasing an additional 90,533 shares during the period.

About Carter’s

Carter’s, Inc (NYSE:CRI) is a specialty retailer and branded marketer of apparel, accessories and related products for babies and young children. The company’s portfolio includes Carter’s, OshKosh B’gosh, Skip Hop and Little Planet, offering items such as bodysuits, sleepwear, playwear, footwear, outerwear, accessories, baby gear and nursery products.

Founded in 1865 by William Carter, the company has developed into a major children’s apparel business. Carter’s products are sold through company-operated retail stores, e-commerce websites and wholesale partners, including department stores, mass merchants, specialty retailers and other distribution channels.

The company primarily serves customers in the United States and Canada, while also reaching international markets through select wholesale, licensing and distribution arrangements.