Worth Watching: Time to Buy Carter’s, Inc. After Today’s Huge Increase?

Worth Watching: Time to Buy Carter's, Inc. After Today's Huge Increase?

The stock of Carter’s, Inc. (NYSE:CRI) is a huge mover today! About 389,840 shares traded hands. Carter’s, Inc. (NYSE:CRI) has declined 12.15% since April 28, 2016 and is downtrending. It has underperformed by 18.08% the S&P500.
The move comes after 8 months positive chart setup for the $4.41B company. It was reported on Dec, 1 by Barchart.com. We have $98.12 PT which if reached, will make NYSE:CRI worth $264.60 million more.

Analysts await Carter’s, Inc. (NYSE:CRI) to report earnings on February, 23. They expect $1.68 EPS, up 20.00% or $0.28 from last year’s $1.4 per share. CRI’s profit will be $80.03M for 13.78 P/E if the $1.68 EPS becomes a reality. After $1.61 actual EPS reported by Carter’s, Inc. for the previous quarter, Wall Street now forecasts 4.35% EPS growth.

Carter’s, Inc. (NYSE:CRI) Ratings Coverage

Out of 8 analysts covering Carter’s (NYSE:CRI), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. Carter’s has been the topic of 10 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Wednesday, September 16 by Piper Jaffray. As per Friday, October 28, the company rating was maintained by Monness Crespi. The rating was downgraded by Citigroup to “Neutral” on Thursday, December 17. The firm has “Market Perform” rating given on Wednesday, July 13 by Cowen & Co. The rating was upgraded by Zacks on Monday, August 31 to “Hold”. FBR Capital maintained Carter’s, Inc. (NYSE:CRI) rating on Friday, April 29. FBR Capital has “Outperform” rating and $111 price target. The rating was initiated by Wells Fargo on Thursday, October 22 with “Outperform”. The rating was initiated by CLSA on Thursday, September 29 with “Underperform”. The stock of Carter’s, Inc. (NYSE:CRI) has “Market Perform” rating given on Tuesday, September 27 by Wells Fargo. The rating was upgraded by Oppenheimer to “Outperform” on Monday, January 4.

According to Zacks Investment Research, “Carter’s, Inc. is a leading provider of apparel and related products exclusively for babies and young children. The Company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally and through Company-operated stores and on-line at carters.com and oshkoshbgosh.com. The Company’s Child of Mine brand is available at Walmart, and its Genuine Kids, Just One You, and Precious Firsts brands are available at Target.”

Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.17, from 0.87 in 2016Q1. The ratio is positive, as 41 funds sold all Carter’s, Inc. shares owned while 121 reduced positions. 25 funds bought stakes while 116 increased positions. They now own 43.89 million shares or 6.17% less from 46.77 million shares in 2016Q1.
Moreover, Quantitative Systematic Strategies Limited Liability has 0.4% invested in Carter’s, Inc. (NYSE:CRI) for 8,063 shares. Goldman Sachs Gru holds 0.02% of its portfolio in Carter’s, Inc. (NYSE:CRI) for 515,308 shares. Hahn Capital Management Limited Liability Company accumulated 0.01% or 490,455 shares. Ls Inv Lc has invested 0.02% of its portfolio in Carter’s, Inc. (NYSE:CRI). Signaturefd Ltd Liability Corporation reported 13 shares or 0% of all its holdings. Retirement Of Alabama has invested 0.04% of its portfolio in Carter’s, Inc. (NYSE:CRI). Moreover, Winslow Evans Crocker has 0% invested in Carter’s, Inc. (NYSE:CRI) for 666 shares. Winfield Associate Incorporated holds 0% of its portfolio in Carter’s, Inc. (NYSE:CRI) for 15 shares. Ameritas Invest Prtnrs accumulated 19,428 shares or 0.13% of the stock. Teacher Retirement Sys Of Texas reported 7,331 shares or 0.01% of all its holdings. Cap Fund Management Sa, a France-based fund reported 79,142 shares. Manufacturers Life Insurance The has 68,812 shares for 0.01% of their US portfolio. Covey Ltd Liability Company holds 3,000 shares or 0.17% of its portfolio. Susquehanna Grp Ltd Liability Partnership owns 45,600 shares or 0% of their US portfolio. Netols Asset Inc has invested 1.83% of its portfolio in Carter’s, Inc. (NYSE:CRI).

CRI Company Profile

Carter’s, Inc. (Carter’s), incorporated on September 30, 2003, is a marketer of apparel for babies and young children in the United States and Canada. The Firm operates through five divisions: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. The Company’s international segment includes Company-operated retail stores, wholesale and online activities in addition to royalty income from its international licensees. The Firm owns over two brand names in the children’s apparel industry: Carter’s and OshKosh B’gosh (OshKosh). The Firm offers various product categories, including baby, sleepwear, playclothes and related accessories.

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