Carter’s (NYSE:CRI) Given New $49.00 Price Target at UBS Group

Carter’s (NYSE:CRI) had its price objective decreased by stock analysts at UBS Group from $57.00 to $49.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. UBS Group’s target price would suggest a potential upside of 16.40% from the stock’s previous close.

Several other equities analysts also recently weighed in on CRI. Citigroup decreased their price target on shares of 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 decreased their target price on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $55.20.

Carter’s Price Performance

Shares of Carter’s stock opened at $42.10 on Wednesday. The stock has a market capitalization of $1.52 billion, a P/E ratio of 6.68, a PEG ratio of 3.37 and a beta of 1.21. The business has a 50 day simple moving average of $52.59 and a two-hundred day simple moving average of $58.14. Carter’s has a 12 month low of $41.59 and a 12 month high of $88.03. 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 (NYSE:CRI) last issued its quarterly 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. The firm had revenue of $859.70 million during 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%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business earned $2.76 earnings per share. As a group, analysts predict that Carter’s will post 5.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Carter’s

Institutional investors and hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings 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 buying an additional 270 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Carter’s in the third quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased 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 during the last quarter. Colonial Trust Co SC purchased a new stake in Carter’s in the fourth quarter valued at $29,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Carter’s by 221.2% in the 3rd 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 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.