Carter’s (NYSE:CRI) Upgraded to “Buy” at The Goldman Sachs Group
by Mitch Edgeman · The Markets DailyThe Goldman Sachs Group upgraded shares of Carter’s (NYSE:CRI – Free Report) from a neutral rating to a buy rating in a report issued on Thursday morning, MarketBeat.com reports. The Goldman Sachs Group currently has $38.00 price objective on the textile maker’s stock.
A number of other brokerages have also recently issued reports on CRI. Citigroup raised shares of Carter’s from a “neutral” rating to a “buy” rating and raised their target price for the stock from $34.00 to $50.00 in a report on Wednesday, January 21st. Monness Crespi & Hardt raised shares of Carter’s from a “neutral” rating to a “buy” rating and set a $45.00 target price on the stock in a report on Monday, March 2nd. Wall Street Zen raised shares of Carter’s from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. Weiss Ratings raised shares of Carter’s from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. Finally, Zacks Research raised shares of Carter’s from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $37.33.
View Our Latest Stock Analysis on CRI
Carter’s Stock Performance
Shares of NYSE CRI opened at $36.74 on Thursday. The company has a quick ratio of 1.44, a current ratio of 2.51 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $36.74 and its two-hundred day moving average price is $33.64. Carter’s has a 52-week low of $23.38 and a 52-week high of $44.44. The stock has a market capitalization of $1.36 billion, a P/E ratio of 14.58, a P/E/G ratio of 5.14 and a beta of 0.98.
Carter’s (NYSE:CRI – Get Free Report) last issued its earnings results on Friday, February 27th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.20. Carter’s had a net margin of 3.17% and a return on equity of 14.45%. The firm had revenue of $925.45 million for the quarter, compared to analysts’ expectations of $912.36 million. During the same quarter last year, the company posted $2.39 earnings per share. Carter’s’s revenue was up 7.7% on a year-over-year basis. Carter’s has set its Q1 2026 guidance at 0.020-0.080 EPS. As a group, sell-side analysts forecast that Carter’s will post 5.15 earnings per share for the current year.
Carter’s Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, March 13th. Carter’s’s payout ratio is 39.68%.
Institutional Investors Weigh In On Carter’s
A number of hedge funds have recently made changes to their positions in CRI. Royal Bank of Canada raised its holdings in shares of Carter’s by 50.2% during the first quarter. Royal Bank of Canada now owns 40,649 shares of the textile maker’s stock valued at $1,663,000 after buying an additional 13,594 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Carter’s by 5.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 120,964 shares of the textile maker’s stock valued at $4,947,000 after buying an additional 6,195 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Carter’s by 4.7% during the second quarter. Russell Investments Group Ltd. now owns 16,482 shares of the textile maker’s stock valued at $497,000 after buying an additional 734 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Carter’s by 71.5% during the second quarter. Hsbc Holdings PLC now owns 9,390 shares of the textile maker’s stock valued at $282,000 after buying an additional 3,915 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Carter’s during the second quarter worth approximately $542,000.
About Carter’s
Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.
The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.