Carter’s (NYSE:CRI) PT Lowered to $68.00 at Wells Fargo & Company

Carter’s (NYSE:CRI) had its target price dropped by equities researchers at Wells Fargo & Company from $75.00 to $68.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s target price indicates a potential downside of 6.53% from the stock’s previous close.

A number of other analysts also recently issued reports on CRI. Evercore ISI lifted their price objective on Carter’s from $70.00 to $80.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 28th. StockNews.com lowered Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. UBS Group lifted their target price on Carter’s from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Monness Crespi & Hardt lowered Carter’s from a “buy” rating to a “neutral” rating in a research report on Monday, February 26th. Finally, Citigroup dropped their price target on Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a research note on Thursday, April 18th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $73.80.

Carter’s Stock Down 1.5 %

Shares of NYSE CRI traded down $1.11 during trading on Wednesday, reaching $72.75. The company had a trading volume of 309,766 shares, compared to its average volume of 762,869. Carter’s has a 12-month low of $60.65 and a 12-month high of $88.03. The stock has a market cap of $2.67 billion, a PE ratio of 11.62, a P/E/G ratio of 2.10 and a beta of 1.29. The business’s 50-day moving average is $80.33 and its 200 day moving average is $74.78. The company has a quick ratio of 1.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.59.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Tuesday, February 27th. The textile maker reported $2.76 EPS for the quarter, beating the consensus estimate of $2.52 by $0.24. The company had revenue of $858.00 million for the quarter, compared to analysts’ expectations of $867.81 million. Carter’s had a return on equity of 28.79% and a net margin of 7.89%. During the same period last year, the firm posted $2.29 earnings per share. Carter’s’s revenue was down 5.9% compared to the same quarter last year. As a group, equities analysts forecast that Carter’s will post 6.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Carter’s

In other Carter’s news, Director Mark Hipp sold 1,875 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $81.74, for a total value of $153,262.50. Following the sale, the director now directly owns 10,216 shares of the company’s stock, valued at $835,055.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Carter’s

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. lifted its position in Carter’s by 28.6% during the fourth quarter. Blue Trust Inc. now owns 630 shares of the textile maker’s stock worth $44,000 after buying an additional 140 shares in the last quarter. State of Michigan Retirement System grew its stake in Carter’s by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 9,029 shares of the textile maker’s stock worth $765,000 after purchasing an additional 200 shares in the last quarter. Qsemble Capital Management LP lifted its holdings in Carter’s by 2.2% during the 4th quarter. Qsemble Capital Management LP now owns 9,814 shares of the textile maker’s stock worth $735,000 after buying an additional 214 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Carter’s by 4.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 4,975 shares of the textile maker’s stock valued at $344,000 after purchasing an additional 230 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in shares of Carter’s by 0.6% in the 3rd quarter. Raymond James & Associates now owns 52,858 shares of the textile maker’s stock valued at $3,655,000 after purchasing an additional 294 shares during the last quarter.

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.