UBS Group Lowers Carter’s (NYSE:CRI) Price Target to $49.00

Carter’s (NYSE:CRI) had its price objective dropped by UBS Group from $57.00 to $49.00 in a report issued on Wednesday,Benzinga reports. The firm 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.

A number of other research analysts also recently weighed in on CRI. Citigroup cut their price objective on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday. 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 report on Wednesday. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, Carter’s has an average rating of “Hold” and a consensus price target of $55.20.

Carter’s Stock Performance

CRI stock traded down $0.76 on Wednesday, reaching $42.91. The company’s stock had a trading volume of 1,494,208 shares, compared to its average volume of 1,044,812. The company has a market capitalization of $1.55 billion, a P/E ratio of 6.82, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter’s has a 52 week low of $42.55 and a 52 week high of $88.03. The firm has a fifty day moving average of $53.10 and a two-hundred day moving average of $58.37.

Carter’s (NYSE:CRI) last issued its earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS 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 business had revenue of $859.70 million during the quarter, compared to analysts’ expectations of $835.82 million. During the same quarter last year, the firm posted $2.76 earnings per share. Carter’s’s revenue was up .2% compared to the same quarter last year. As a group, analysts predict that Carter’s will post 5.15 EPS for the current fiscal year.

Institutional Trading of Carter’s

Institutional investors have recently modified their holdings of the business. Creative Planning boosted its position in shares of Carter’s by 44.4% during the 3rd quarter. Creative Planning now owns 6,848 shares of the textile maker’s stock valued at $445,000 after purchasing an additional 2,104 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Carter’s by 83.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,555 shares of the textile maker’s stock valued at $166,000 after buying an additional 1,161 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Carter’s by 11.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,907 shares of the textile maker’s stock valued at $1,527,000 after purchasing an additional 2,288 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Carter’s during the 3rd quarter valued at $329,000. Finally, Pallas Capital Advisors LLC bought a new stake in shares of Carter’s during the third quarter valued at about $204,000.

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.