ValuEngine Lowers Carter’s (NYSE:CRI) to Sell

ValuEngine lowered shares of Carter’s (NYSE:CRI) from a hold rating to a sell rating in a research note released on Thursday, ValuEngine reports.

Several other equities analysts have also recently issued reports on CRI. Deutsche Bank began coverage on Carter’s in a research report on Tuesday, April 16th. They set a hold rating and a $99.00 price target on the stock. DA Davidson lowered their price target on Carter’s to $91.00 and set an average rating on the stock in a research report on Tuesday, July 9th. Citigroup reiterated a buy rating and set a $13.00 price target on shares of Encana in a research report on Monday, March 18th. TheStreet upgraded Valmont Industries from a c+ rating to a b- rating in a research report on Wednesday, March 13th. Finally, Zacks Investment Research cut GasLog Partners LP Unit from a hold rating to a strong sell rating in a research report on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Carter’s has a consensus rating of Hold and a consensus target price of $104.56.

Shares of CRI stock opened at $93.59 on Thursday. Carter’s has a 1 year low of $75.66 and a 1 year high of $118.22. The firm has a market cap of $4.23 billion, a PE ratio of 15.32, a PEG ratio of 1.83 and a beta of 0.90. The firm’s fifty day moving average price is $92.71. The company has a current ratio of 2.68, a quick ratio of 1.25 and a debt-to-equity ratio of 0.74.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Tuesday, April 30th. The textile maker reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.17. Carter’s had a return on equity of 33.91% and a net margin of 7.95%. The company had revenue of $741.06 million for the quarter, compared to analysts’ expectations of $724.08 million. During the same period last year, the firm earned $1.09 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Carter’s will post 6.64 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 29th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Tuesday, May 28th. Carter’s’s payout ratio is 31.80%.

In related news, CFO Richard F. Westenberger sold 3,880 shares of Carter’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $106.35, for a total value of $412,638.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kendra Krugman sold 500 shares of Carter’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $108.44, for a total value of $54,220.00. The disclosure for this sale can be found here. Insiders sold a total of 7,223 shares of company stock worth $774,982 over the last 90 days. Insiders own 3.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its position in shares of Carter’s by 19.6% in the second quarter. Nisa Investment Advisors LLC now owns 18,300 shares of the textile maker’s stock worth $1,785,000 after buying an additional 3,000 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Carter’s in the second quarter worth about $530,000. First Trust Advisors LP lifted its position in shares of Carter’s by 1.8% in the first quarter. First Trust Advisors LP now owns 60,563 shares of the textile maker’s stock worth $6,104,000 after buying an additional 1,066 shares during the last quarter. FMR LLC lifted its position in shares of Carter’s by 13.1% in the first quarter. FMR LLC now owns 1,187,384 shares of the textile maker’s stock worth $119,676,000 after buying an additional 137,779 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in shares of Carter’s by 10,059.1% in the first quarter. Clearbridge Investments LLC now owns 13,918 shares of the textile maker’s stock worth $1,403,000 after buying an additional 13,781 shares during the last quarter. Institutional investors and hedge funds own 95.74% of the company’s stock.

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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