Carter's (NYSE:CRI) Given New $65.00 Price Target at Wells Fargo & Company

Carter's (NYSE:CRI - Get Free Report) had its target price lowered by stock analysts at Wells Fargo & Company from $72.00 to $65.00 in a report released on Monday, Benzinga reports. The firm currently has an "equal weight" rating on the textile maker's stock. Wells Fargo & Company's price objective indicates a potential upside of 15.29% from the company's current price.

Separately, Bank of America reduced their price objective on Carter's from $65.00 to $54.00 and set an "underperform" rating for the company in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $70.00.

Carter's Stock Performance

NYSE CRI traded down $0.57 on Monday, hitting $56.38. 2,167,508 shares of the company's stock were exchanged, compared to its average volume of 944,569. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.09 and a quick ratio of 0.95. The firm's 50-day moving average price is $66.18 and its two-hundred day moving average price is $65.73. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 3.86 and a beta of 1.23. Carter's has a fifty-two week low of $54.74 and a fifty-two week high of $88.03.

Carter's (NYSE:CRI - Get Free Report) last issued its earnings results on Friday, July 26th. The textile maker reported $0.76 EPS for the quarter, topping the consensus estimate of $0.45 by $0.31. Carter's had a net margin of 8.29% and a return on equity of 28.65%. The company had revenue of $564.43 million for the quarter, compared to analyst estimates of $566.79 million. On average, research analysts expect that Carter's will post 4.87 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in Carter's by 112.0% during the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker's stock worth $26,000 after acquiring an additional 214 shares during the last quarter. Gladius Capital Management LP purchased a new stake in Carter's during the second quarter worth approximately $30,000. CWM LLC increased its position in shares of Carter's by 431.3% in the second quarter. CWM LLC now owns 595 shares of the textile maker's stock worth $37,000 after acquiring an additional 483 shares in the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of Carter's by 67.6% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker's stock valued at $53,000 after acquiring an additional 346 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of Carter's during the 1st quarter valued at $77,000.

Carter's Company Profile

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.