Carter's (CRI) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Sep 27, 2016.
Many Wall Street Analysts have commented on Carter's. Monness Crespi & Hardt Upgraded Carter's on Aug 8, 2016 to ” Buy”, Price Target of the shares are set at $118.
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 closed down -1.72 points or -1.80% at $93.94 with 11,24,924 shares getting traded on Thursday. Post opening the session at $96.06, the shares hit an intraday low of $93.93 and an intraday high of $96.69 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Aug 11, 2016, Richard F. Westenberger (Chief Financial Officer) sold 2,500 shares at $101.00 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.
Carters Inc. is a marketer of apparel for babies and young children in the United States. The Company owns two brand names in the childrens apparel industry Carters 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.