Carter's (NYSE:CRI) Price Target Cut to $49.00 by Analysts at UBS Group

Carter's (NYSE:CRI - Get Free Report) had its target price cut by UBS Group from $57.00 to $49.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "neutral" rating on the textile maker's stock. UBS Group's target price indicates a potential upside of 18.64% from the stock's current price.

A number of other research analysts also recently issued reports on CRI. Citigroup decreased their target price on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday. Wells Fargo & Company cut their price objective on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $49.00.

Carter's Stock Performance

Shares of NYSE:CRI traded down $0.85 on Wednesday, hitting $41.30. 1,682,648 shares of the company were exchanged, compared to its average volume of 1,127,734. The firm has a market capitalization of $1.49 billion, a P/E ratio of 6.56, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21. The stock's 50 day moving average price is $52.30 and its 200 day moving average price is $57.93. Carter's has a 1-year low of $40.76 and a 1-year high of $88.03. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

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Carter's (NYSE:CRI - Get Free Report) last posted its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $0.52. The company had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.76 earnings per share. Sell-side analysts predict that Carter's will post 5.15 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd purchased a new position in Carter's in the third quarter valued at $683,000. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Carter's by 79.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker's stock worth $9,913,000 after purchasing an additional 67,460 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Carter's by 48.6% during the third quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker's stock worth $5,292,000 after purchasing an additional 26,650 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Carter's by 40.5% during the fourth quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker's stock worth $32,040,000 after purchasing an additional 170,528 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Carter's by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker's stock worth $76,144,000 after purchasing an additional 42,589 shares in the last quarter.

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.