Carter’s (NYSE:CRI) Price Target Lowered to $45.00 at Citigroup

Carter’s (NYSE:CRI) had its price target lowered by equities research analysts at Citigroup from $50.00 to $45.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the textile maker’s stock. Citigroup’s target price suggests a potential upside of 1.50% from the company’s current price.

Separately, Wells Fargo & Company cut their price objective on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $61.20.

Carter’s Price Performance

Shares of Carter’s stock traded up $0.67 on Wednesday, hitting $44.34. 411,841 shares of the company were exchanged, compared to its average volume of 1,013,905. Carter’s has a 1-year low of $42.55 and a 1-year high of $88.03. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 7.04, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. The company has a 50-day moving average price of $53.10 and a 200 day moving average price of $58.37.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $835.82 million. During the same quarter in the previous year, the company posted $2.76 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts predict that Carter’s will post 5.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new stake in shares of Carter’s during the third quarter valued at about $28,000. Jones Financial Companies Lllp boosted its position in shares of Carter’s by 114.4% during 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 period. EverSource Wealth Advisors LLC increased its holdings in Carter’s by 2,112.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 507 shares during the last quarter. Colonial Trust Co SC purchased a new stake in Carter’s in the fourth quarter valued at approximately $29,000. Finally, Venturi Wealth Management LLC raised its position in Carter’s by 221.2% in the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares during the period.

About Carter’s

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.