Carter's (CRI) is Upgraded by Monness Crespi & Hardt to Buy, Price Target at $118

Carter's (CRI) was Upgraded by Monness Crespi & Hardt to ” Buy” and the brokerage firm has set the Price Target at $118. Earlier the firm had a rating of “Neutral ” on the company shares. Monness Crespi & Hardt advised their investors in a research report released on Aug 8, 2016.

On the company’s financial health, Carter's reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.66. The company had revenue of $639.50 million for the quarter, compared to analysts expectations of $636.92 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Carter's opened for trading at $99.66 and hit $100.98 on the upside on Friday, eventually ending the session at $100.72, with a gain of 1.91% or 1.89 points. The heightened volatility saw the trading volume jump to 5,74,235 shares. Company has a market cap of $5,042 M.

In a different news, on May 4, 2016, Richard F. Westenberger (Chief Financial Officer) sold 4,000 shares at $107.44 per share price. According to the SEC, on Mar 15, 2016, Brian Lynch (President, Carter’s, Inc.) sold 7,000 shares at $102.40 per share price. On Mar 3, 2016, Julie D’emilio (Senior Vice President – Sales) sold 7,500 shares at $102.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Carter’s Inc. is a marketer of apparel for babies and young children in the United States. The Company owns two brand names in the children’s apparel industry Carter’s and OshKosh. The Company operates through five business segments: Carter’s retail Carter’s wholesale OshKosh retail OshKosh wholesale and International. It offers multiple product categories including baby sleepwear playclothes and related accessories. As of January 3 2015 the Company had approximately 18000 wholesale locations (including national department stores chain and specialty stores and discount retailers) 855 Company-operated stores and its Websites. As of January 3 2015 the Company operated 531 Carter’s and 200 OshKosh outlet brand and specialty stores in the United States. As of January 3 2015 its products are sold through 124 Company-operated stores in Canada in addition to its international wholesale licensing and online channels.


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