Carter’s (NYSE:CRI) Upgraded at Citigroup

Carter’s (NYSE:CRI) was upgraded by investment analysts at Citigroup from a “sell” rating to a “neutral” rating in a report released on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $50.00 price target on the textile maker’s stock. Citigroup’s price target would indicate a potential downside of 6.92% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Bank of America lowered their price objective on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company lowered their price target on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $67.67.

Carter’s Stock Up 2.5 %

Carter’s stock opened at $53.72 on Tuesday. Carter’s has a 52 week low of $50.27 and a 52 week high of $88.03. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 8.53, a PEG ratio of 3.21 and a beta of 1.24. The company’s 50-day moving average price is $62.91 and its two-hundred day moving average price is $64.10. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

Institutional Investors Weigh In On Carter’s

Institutional investors and hedge funds have recently modified their holdings of the stock. RWWM Inc. acquired a new stake in shares of Carter’s during the second quarter worth $23,675,000. Pacer Advisors Inc. increased its stake in Carter’s by 44.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock worth $74,928,000 after purchasing an additional 371,681 shares in the last quarter. AQR Capital Management LLC raised its holdings in Carter’s by 50.7% during the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock worth $34,212,000 after buying an additional 186,894 shares during the period. Reinhart Partners LLC. lifted its stake in Carter’s by 67.3% during the second quarter. Reinhart Partners LLC. now owns 461,190 shares of the textile maker’s stock valued at $28,580,000 after buying an additional 185,458 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Carter’s by 29.2% in the second quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock worth $46,918,000 after buying an additional 170,960 shares during the period.

Carter’s Company Profile

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, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.