Stock of the Day: Carter William Co (NYSE:CRI) Quarterly Sentiment Report

November 30, 2016 - By Richard Conner   ·   0 Comments

Stock of the Day: Carter William Co (NYSE:CRI) Quarterly Sentiment Report

Sentiment for Carter William Co (NYSE:CRI)

Carter William Co (NYSE:CRI) institutional sentiment increased to 1.04 in Q2 2016. Its up 0.17, from 0.87 in 2016Q1. The ratio has improved, as 141 institutional investors increased and opened new positions, while 162 sold and decreased their stock positions in Carter William Co. The institutional investors in our partner’s database now hold: 43.89 million shares, down from 46.77 million shares in 2016Q1. Also, the number of institutional investors holding Carter William Co in their top 10 positions increased from 9 to 11 for an increase of 2. Sold All: 41 Reduced: 121 Increased: 116 New Position: 25.

Carter’s, Inc. is a marketer of apparel for babies and young children in the United States and Canada. The company has a market cap of $4.65 billion. The Firm operates through five divisions: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. It has a 19.29 P/E ratio. The Company’s international segment includes Company-operated retail stores, wholesale and online activities in addition to royalty income from its international licensees.

About 407,859 shares traded hands. Carter’s, Inc. (NYSE:CRI) has declined 9.86% since April 27, 2016 and is downtrending. It has underperformed by 15.09% the S&P500.

Analysts await Carter’s, Inc. (NYSE:CRI) to report earnings on February, 23. They expect $1.68 earnings per share, up 20.00% or $0.28 from last year’s $1.4 per share. CRI’s profit will be $84.98M for 13.68 P/E if the $1.68 EPS becomes a reality. After $1.61 actual earnings per share reported by Carter’s, Inc. for the previous quarter, Wall Street now forecasts 4.35% EPS growth.

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.”

Darsana Capital Partners Lp holds 7.2% of its portfolio in Carter’s, Inc. for 1.30 million shares. Arrow Capital Management Llc owns 37,443 shares or 6.5% of their US portfolio. Moreover, Banbury Partners Llc has 6.01% invested in the company for 153,848 shares. The New York-based Hound Partners Llc has invested 5.86% in the stock. Nebula Capital Management Lp, a Connecticut-based fund reported 6,543 shares.#img1#

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

Ratings analysis reveals 38% of Carter’s’s analysts are positive. Out of 8 Wall Street analysts rating Carter’s, 3 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $95 while the high is $115. The stock’s average target of $107.50 is 16.94% above today’s ($91.93) share price. CRI was included in 10 notes of analysts from August 31, 2015. Monness Crespi maintained the stock with “Buy” rating in Friday, October 28 report. As per Wednesday, July 13, the company rating was initiated by Cowen & Co. The stock of Carter’s, Inc. (NYSE:CRI) has “Outperform” rating given on Thursday, October 22 by Wells Fargo. The firm has “Neutral” rating given on Thursday, December 17 by Citigroup. The rating was maintained by FBR Capital on Friday, April 29 with “Outperform”. Wells Fargo downgraded the stock to “Market Perform” rating in Tuesday, September 27 report. Piper Jaffray downgraded Carter’s, Inc. (NYSE:CRI) rating on Wednesday, September 16. Piper Jaffray has “Neutral” rating and $105 price target. The rating was upgraded by Oppenheimer to “Outperform” on Monday, January 4. Zacks upgraded it to “Hold” rating and $111 target price in Monday, August 31 report. CLSA initiated Carter’s, Inc. (NYSE:CRI) rating on Thursday, September 29. CLSA has “Underperform” rating and $95 price target.

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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By Richard Conner

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