November 30, 2016 - By Dolores Ford · 0 Comments
Carters Inc (NYSE:CRI) institutional sentiment increased to 1.04 in Q2 2016. Its up 0.17, from 0.87 in 2016Q1. The ratio increased, as 141 investment professionals opened new or increased holdings, while 162 sold and decreased equity positions in Carters Inc. The investment professionals in our partner’s database now have: 43.89 million shares, down from 46.77 million shares in 2016Q1. Also, the number of investment professionals holding Carters Inc in their top 10 holdings 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 410,294 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 $84.93 million for 13.69 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#
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 16.91% above today’s ($91.95) share price. CRI was included in 10 notes of analysts from August 31, 2015. CLSA initiated Carter’s, Inc. (NYSE:CRI) rating on Thursday, September 29. CLSA has “Underperform” rating and $95 price target. On Friday, October 28 the stock rating was maintained by Monness Crespi with “Buy”. The firm has “Outperform” rating by Oppenheimer given on Monday, January 4. The firm has “Neutral” rating by Piper Jaffray given on Wednesday, September 16. Cowen & Co initiated the shares of CRI in a report on Wednesday, July 13 with “Market Perform” rating. The rating was upgraded by Zacks on Monday, August 31 to “Hold”. As per Thursday, October 22, the company rating was initiated by Wells Fargo. The firm has “Outperform” rating given on Friday, April 29 by FBR Capital. The stock of Carter’s, Inc. (NYSE:CRI) has “Market Perform” rating given on Tuesday, September 27 by Wells Fargo. The stock has “Neutral” rating given by Citigroup on Thursday, December 17.
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 Dolores Ford