UBS Group Issues Pessimistic Forecast for Carter’s (NYSE:CRI) Stock Price

Carter’s (NYSE:CRI) had its price target lowered by analysts at UBS Group from $57.00 to $49.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. UBS Group’s target price indicates a potential upside of 14.19% from the company’s previous close.

Several other research analysts also recently commented on the company. Wells Fargo & Company reduced their price objective on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research note on Wednesday. Citigroup cut their price target on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.20.

Carter’s Stock Performance

NYSE:CRI traded down $0.76 during mid-day trading on Wednesday, hitting $42.91. 1,494,208 shares of the company traded hands, compared to its average volume of 1,044,812. 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 one year low of $42.55 and a one year high of $88.03. The stock’s fifty day moving average price is $53.10 and its 200-day moving average price is $58.37. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 6.82, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.52. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The company had revenue of $859.70 million for the quarter, compared to analysts’ expectations of $835.82 million. During the same period in the previous year, the firm posted $2.76 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts anticipate that Carter’s will post 5.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carter’s

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

Carter’s Company Profile

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.