Carter’s (NYSE:CRI) Price Target Lowered to $48.00 at Wells Fargo & Company

Carter’s (NYSE:CRI) had its target price reduced by equities research analysts at Wells Fargo & Company from $65.00 to $48.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 10.18% from the stock’s previous close.

Separately, Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.20.

Carter’s Stock Performance

Shares of NYSE CRI opened at $43.57 on Wednesday. The firm’s fifty day moving average is $53.10 and its two-hundred day moving average is $58.37. Carter’s has a 52-week low of $42.55 and a 52-week high of $88.03. The company has a market cap of $1.57 billion, a P/E ratio of 6.93, a P/E/G ratio of 3.37 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

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

Institutional Trading of Carter’s

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Carter’s by 10.4% during the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock valued at $211,100,000 after acquiring an additional 366,293 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Carter’s by 155.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock worth $154,500,000 after purchasing an additional 1,732,857 shares during the period. First Trust Advisors LP grew its holdings in Carter’s by 33.3% during the 4th quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker’s stock valued at $104,042,000 after purchasing an additional 479,961 shares during the last quarter. AQR Capital Management LLC raised its position in Carter’s by 124.4% in the 4th quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker’s stock worth $93,134,000 after purchasing an additional 964,494 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of Carter’s by 4.0% during the third quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker’s stock valued at $100,422,000 after buying an additional 60,089 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.