Carters (CRI) Receives Price Target

Carters (CRI) : The highest level Carters (CRI) is projected to reach is $118 for the short term and the lowest estimate is at $102. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $110.17 and the possibility the share price can swing is $5.98.

Carters (CRI) has an average broker rating of 1.57, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, In the latest statement by the brokerage house, Monness Crespi Hardt upgrades its outlook on Carters (NYSE:CRI). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on August 8, 2016.

Carters (NYSE:CRI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $95.40 and $94.62 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $95.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $95.84, notching a gain of 0.58% for the day. The total traded volume was 565,540 . The stock had closed at $95.29 on the previous day.

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.

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