Citigroup Maintains Carter's to Neutral with Price Target $106.00

Brokerage firm Citigroup Maintains its rating on Carter's(NYSE:CRI). In a research note issued to the investors, the brokerage major Lowers the price-target to $106.00 per share. The shares have been rated Neutral. The rating by Citigroup was issued on Jul 28, 2016.

In a different note, Cowen & Company said it Initiates Coverage on Carter's, according to a research note issued on Jul 13, 2016. The shares have been rated ‘Market Perform’ by the firm.

Carter's (CRI) shares turned negative on Thursdays trading session with the shares closing down -0.26 points or -0.26% at a volume of 7,48,947. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $99.85. The peak price level was also seen at $99.85 while the days lowest was $98.12. Finally the shares closed at $98.83. The 52-week high of the shares is $112.58 while the 52-week low is $82.22. According to the latest information available, the market cap of the company is $4,947 M.

Carter's(CRI) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $639.47M. Analysts had an estimated revenue of $636.86M. Earnings per share were $0.72. Analysts had estimated an EPS of $0.66.

Several Insider Transactions has been reported to the SEC. On May 4, 2016, Richard F. Westenberger (Chief Financial Officer) sold 4,000 shares at $107.44 per share price.Also, 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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