Carter’s (NYSE:CRI) Given New $64.00 Price Target at Citigroup

Carter’s (NYSE:CRI) had its target price cut by research analysts at Citigroup from $66.00 to $64.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “sell” rating on the textile maker’s stock. Citigroup’s target price would indicate a potential downside of 10.53% from the stock’s current price.

CRI has been the subject of a number of other research reports. Wedbush raised their price objective on shares of Carter’s from $67.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, February 23rd. TheStreet raised shares of Carter’s from a “c+” rating to a “b-” rating in a research report on Friday, December 22nd. StockNews.com downgraded shares of Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Evercore ISI increased their target price on shares of Carter’s from $70.00 to $80.00 and gave the company an “in-line” rating in a research report on Wednesday, February 28th. Finally, Monness Crespi & Hardt downgraded shares of Carter’s from a “buy” rating to a “neutral” rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Carter’s has an average rating of “Hold” and a consensus target price of $75.25.

Carter’s Trading Up 0.3 %

NYSE CRI traded up $0.21 during trading hours on Thursday, reaching $71.53. The company’s stock had a trading volume of 330,705 shares, compared to its average volume of 765,653. The firm has a fifty day simple moving average of $81.04 and a 200-day simple moving average of $74.56. The stock has a market cap of $2.62 billion, a P/E ratio of 11.40, a P/E/G ratio of 2.10 and a beta of 1.29. Carter’s has a 52 week low of $60.65 and a 52 week high of $88.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.15 and a quick ratio of 1.10.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Tuesday, February 27th. The textile maker reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.24. The business had revenue of $858.00 million during the quarter, compared to analyst estimates of $867.81 million. Carter’s had a net margin of 7.89% and a return on equity of 28.79%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the business earned $2.29 EPS. Equities analysts forecast that Carter’s will post 6.52 earnings per share for the current fiscal year.

Insider Activity at Carter’s

In related news, Director Mark Hipp sold 1,875 shares of Carter’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $81.74, for a total value of $153,262.50. Following the completion of the sale, the director now owns 10,216 shares of the company’s stock, valued at approximately $835,055.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 3.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Carter’s

Several large investors have recently bought and sold shares of CRI. Fuller & Thaler Asset Management Inc. lifted its stake in Carter’s by 17,623.0% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 450,695 shares of the textile maker’s stock valued at $41,459,000 after acquiring an additional 448,152 shares in the last quarter. Norges Bank bought a new position in Carter’s during the 4th quarter valued at $31,193,000. Cooper Creek Partners Management LLC bought a new position in Carter’s during the 3rd quarter valued at $28,588,000. Renaissance Technologies LLC bought a new position in Carter’s during the 1st quarter valued at $26,217,000. Finally, Rockefeller Capital Management L.P. raised its stake in shares of Carter’s by 1,177.9% during the 1st quarter. Rockefeller Capital Management L.P. now owns 295,810 shares of the textile maker’s stock worth $21,274,000 after purchasing an additional 272,662 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.