Citigroup Lowers Carter’s (NYSE:CRI) Price Target to $45.00

Carter’s (NYSE:CRI) had its price objective decreased by equities researchers at Citigroup from $50.00 to $45.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. Citigroup’s price target points to a potential upside of 6.90% from the company’s current price.

Separately, Wells Fargo & Company lowered their price objective on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.20.

Carter’s Trading Down 0.5 %

Shares of NYSE CRI opened at $42.10 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter’s has a 12 month low of $41.59 and a 12 month high of $88.03. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 6.68, a P/E/G ratio of 3.37 and a beta of 1.21. The business has a fifty day simple moving average of $52.59 and a 200-day simple moving average of $58.14.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.52. The company had revenue of $859.70 million during the quarter, compared to analyst estimates of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.76 earnings per share. Sell-side analysts predict that Carter’s will post 5.15 EPS for the current year.

Institutional Investors Weigh In On Carter’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its holdings in shares of Carter’s by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 270 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Carter’s during the third quarter valued at $28,000. EverSource Wealth Advisors LLC grew its stake in Carter’s by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 507 shares in the last quarter. Colonial Trust Co SC acquired a new position in Carter’s in the 4th quarter worth about $29,000. Finally, Venturi Wealth Management LLC increased its position in Carter’s by 221.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares during the last quarter.

About Carter’s

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.