Carter’s, Inc. Common Stock (NYSE:CRI).
On September 27 the stock rating was downgraded from “Outperform” to “Market Perform” in a report from Wells Fargo. On July 28 Citigroup left the stock rating at “Neutral” but moved down the price target to $106.00 from $114.00.
Equity analyst Cowen & Company started covering CRI by announcing an initial rating of “Market Perform”. On January 4 the company was upgraded to “Outperform” from “Perform” with a current price target of $108.00 by analysts at Oppenheimer.
Oppenheimer upgraded the stock and raised the price target on January 4 boosting the price target from $0.00 to $108.00 and setting the rating at “Outperform” which had previously been “Perform”.
The company is so far trading down from yesterday’s close of $89.87. The company also announced a dividend that was paid on Friday September 9th, 2016. The dividend payment was $0.330 per share for the quarter or $1.32 annualized. This dividend represents a yield of $1.39. The ex-dividend date was Friday the 26th of August 2016.
It is currently trading at $88.16 just a bit lower than the 50 day moving average of $97.30 and a tad under the 200 day moving average of $102.18. The 50 day moving average was down $-9.14 or -9.39% and the 200 day average moved down $-14.01.
The P/E ratio is currently 18.95 and market cap is 4.41B. In the latest earnings report the EPS was $4.65 and is projected to be $5.07 for the current year with 50,060,000 shares currently outstanding. Next quarter’s EPS is forecasted at $1.64 and the next full year EPS is anticipated to be $5.66.