Wells Fargo & Company Has Lowered Expectations for Carter’s (NYSE:CRI) Stock Price

Carter’s (NYSE:CRI) had its target price cut by investment analysts at Wells Fargo & Company from $65.00 to $48.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 14.03% from the company’s current price.

Separately, Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $55.20.

Carter’s Trading Down 0.5 %

NYSE CRI opened at $42.10 on Wednesday. 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’s 50-day simple moving average is $52.59 and its two-hundred day simple moving average is $58.14. Carter’s has a twelve month low of $41.59 and a twelve month high of $88.03. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 6.68, a PEG ratio of 3.37 and a beta of 1.21.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new stake in Carter’s during the 3rd quarter valued at $683,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of Carter’s by 79.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker’s stock valued at $9,913,000 after acquiring an additional 67,460 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of Carter’s by 48.6% during the third quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker’s stock valued at $5,292,000 after acquiring an additional 26,650 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Carter’s by 40.5% during the fourth quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker’s stock worth $32,040,000 after purchasing an additional 170,528 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Carter’s by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock worth $76,144,000 after purchasing an additional 42,589 shares during the last quarter.

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.