Carters (CRI) : 5 brokerage houses believe that Carters (CRI) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Carters (CRI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 1.57.
Carters (CRI) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $118 and the lowest price target forecast is $102. The average forecast of all the analysts is $111 and the expected standard deviation is $5.44.
For the current week, the company shares have a recommendation consensus of Buy. Carters (NYSE:CRI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $102.62 and $101.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $103.51. The buying momentum continued till the end and the stock did not give up its gains. It closed at $103.07, notching a gain of 2.07% for the day. The total traded volume was 973,658 . The stock had closed at $100.98 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Westenberger Richard F., officer (Chief Financial Officer) of Carters Inc, had unloaded 4,000 shares at an average price of $107.44 in a transaction dated on May 2, 2016. The total value of the transaction was worth $429,760.
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: Carters retail, Carters 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 18,000 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 Carters 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.