Wells Fargo & Company Increases Carter’s (NYSE:CRI) Price Target to $72.00

Carter’s (NYSE:CRI) had its target price lifted by analysts at Wells Fargo & Company from $60.00 to $72.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the textile maker’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 3.33% from the stock’s current price.

Separately, Bank of America lowered their target price on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $71.17.

Carter’s Price Performance

NYSE:CRI opened at $69.68 on Monday. Carter’s has a 12 month low of $54.74 and a 12 month high of $88.03. The company’s 50-day moving average price is $63.23 and its two-hundred day moving average price is $69.52. The firm has a market cap of $2.52 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 4.28 and a beta of 1.23. The company has a quick ratio of 0.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.61.

Carter’s (NYSE:CRI) last announced its earnings results on Friday, July 26th. The textile maker reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.31. The company had revenue of $564.43 million for the quarter, compared to analyst estimates of $566.79 million. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. On average, equities analysts anticipate that Carter’s will post 4.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Natixis Advisors L.P. lifted its stake in Carter’s by 8.5% in the fourth quarter. Natixis Advisors L.P. now owns 36,791 shares of the textile maker’s stock valued at $2,755,000 after acquiring an additional 2,881 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Carter’s by 7.9% in the 4th quarter. Amalgamated Bank now owns 25,001 shares of the textile maker’s stock valued at $1,872,000 after purchasing an additional 1,838 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Carter’s by 154.9% in the 4th quarter. Teacher Retirement System of Texas now owns 16,147 shares of the textile maker’s stock valued at $1,209,000 after purchasing an additional 9,812 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Carter’s by 585.0% in the 4th quarter. BNP Paribas Financial Markets now owns 111,163 shares of the textile maker’s stock valued at $8,325,000 after purchasing an additional 94,935 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Carter’s by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 933,576 shares of the textile maker’s stock worth $69,916,000 after buying an additional 18,008 shares during the period.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.