Deutsche Bank Initiates Coverage on Carter’s (CRI)

Deutsche Bank started coverage on shares of Carter’s (NYSE:CRI) in a report issued on Tuesday, April 16th, BenzingaRatingsTable reports. The brokerage issued a hold rating and a $99.00 target price on the textile maker’s stock.

CRI has been the topic of several other research reports. ValuEngine lowered shares of Carter’s from a hold rating to a sell rating in a report on Thursday, January 10th. Wells Fargo & Co reduced their target price on shares of Carter’s from $105.00 to $98.00 and set an outperform rating on the stock in a report on Wednesday, January 2nd. TheStreet raised shares of Carter’s from a c+ rating to a b- rating in a report on Wednesday, March 13th. Zacks Investment Research lowered shares of Carter’s from a hold rating to a sell rating in a report on Thursday, February 7th. Finally, Citigroup reaffirmed a buy rating and set a $120.00 target price on shares of Carter’s in a report on Monday, March 18th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $106.92.

Shares of NYSE:CRI traded down $0.34 during trading on Tuesday, reaching $99.80. The company had a trading volume of 688,412 shares, compared to its average volume of 778,423. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.96 and a beta of 0.62. Carter’s has a 12 month low of $75.66 and a 12 month high of $118.22. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.68 and a quick ratio of 1.25.

Carter’s (NYSE:CRI) last released its earnings results on Tuesday, April 30th. The textile maker reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.17. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. The company had revenue of $741.06 million for the quarter, compared to analyst estimates of $724.08 million. During the same quarter last year, the firm earned $1.09 EPS. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, equities research analysts expect that Carter’s will post 6.64 EPS for the current year.

In other Carter’s news, Director Amy Woods Brinkley sold 2,475 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $96.44, for a total transaction of $238,689.00. Following the completion of the sale, the director now owns 21,646 shares of the company’s stock, valued at approximately $2,087,540.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard F. Westenberger sold 6,185 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $98.44, for a total transaction of $608,851.40. The disclosure for this sale can be found here. Insiders have sold a total of 19,883 shares of company stock valued at $1,993,643 in the last three months. 3.20% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in CRI. Nisa Investment Advisors LLC lifted its position in shares of Carter’s by 0.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 15,300 shares of the textile maker’s stock worth $1,542,000 after purchasing an additional 100 shares during the period. Cascade Investment Advisors Inc. lifted its position in shares of Carter’s by 2.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 7,820 shares of the textile maker’s stock worth $638,000 after purchasing an additional 160 shares during the period. Private Capital Group LLC lifted its position in shares of Carter’s by 38.8% in the 1st quarter. Private Capital Group LLC now owns 587 shares of the textile maker’s stock worth $59,000 after purchasing an additional 164 shares during the period. Alpha Quant Advisors LLC lifted its position in shares of Carter’s by 112.7% in the 1st quarter. Alpha Quant Advisors LLC now owns 334 shares of the textile maker’s stock worth $34,000 after purchasing an additional 177 shares during the period. Finally, Mason Street Advisors LLC lifted its position in shares of Carter’s by 0.8% in the 1st quarter. Mason Street Advisors LLC now owns 24,209 shares of the textile maker’s stock worth $2,440,000 after purchasing an additional 193 shares during the period. 95.82% of the stock is owned by institutional investors and hedge funds.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

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Analyst Recommendations for Carter`s (NYSE:CRI)

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