-
Carter's Shares Down 7% Since Earnings; Here's Why The Stock Is 'Too Oversold'
Thursday, June 15, 2017 - 8:49am | 321Read More...Despite reporting a strong first-quarter earnings beat in late April, shares of children’s apparel company Carter’s, Inc. (NYSE: CRI) have declined 7 percent since then. Oppenheimer believes Carter’s is oversold at this point, and with an Outperform rating and $105 price target,...
-
S&P 500 Closes Above 2,000; Dow Hits New All-Time High As Markets Continue To Rally
Tuesday, August 26, 2014 - 4:42pm | 2835Read More...U.S. stocks rose, lifting the Dow to new historical all-time highs of 17,153.80 following a better than expected rise in orders of durable goods. Consumer confidence improved in August, helping market sentiments while investors and traders placed less emphasis on a report that home prices are...
-
Market Wrap For April 2: Markets On Four-Day Winning Streak
Wednesday, April 2, 2014 - 4:40pm | 2499Read More...U.S. stocks rose for the fourth-consecutive day as investors found plenty of positives in today's ADP National Employment Report released today. As a result, the S&P 500 hit new all time highs of 1,893.17 while the Dow remains just a few small points away from its all time highs. The next...
-
Citi Comments on Carter's Acquisition of Bonnie Togs
Thursday, June 23, 2011 - 7:46am | 165Read More...Carter's, Inc. (NYSE: CRI) announced that it will acquire Bonnie Togs, “a children's apparel retailer in Canada, for a total of up to $98M,” Citi reports. “We estimate the deal is valued at a 0.9x P/Sales multiple and a 6.9x EV/EBITDA multiple, which is reasonable given our average mean for retail...
-
J.P. Morgan Remains On The Sidelines Regarding Carter's (CRI)
Tuesday, May 3, 2011 - 9:34am | 102Read More...In a recent report, J.P. Morgan remains on the sideline regarding Carter's (NYSE: CRI). In the report, J.P. Morgan said, "In addition to facing some of the largest impact from sourcing inflation in our space, higher inventories (up 52% at the end of 1Q), lower-margin sales to the off-price...
-
UPDATE: Citi Raises PT on Carter's to $33 (CRI)
Monday, May 2, 2011 - 8:30am | 174Read More...Citi is out with its report today on Carter's (NYSE: CRI), raising its PT from $30 to $33. In a note to clients, Citi writes, "We believe CRI will trade above this multiple at 16x during the current depressed EPS period given a better macro environment and strong topline growth from CRI's growth...
-
Citigroup Raises PT On Carter's To $33
Monday, May 2, 2011 - 6:54am | 25Read More...Citigroup has raised the price target on Carter's (NYSE: CRI) from $30 to $33 and maintains its Hold rating.
-
J.P. Morgan Comments on Carter's Sourcing Inflation
Thursday, March 3, 2011 - 9:25am | 225Read More...In a report published by J.P. Morgan, Carter’s (NYSE: CRI) sourcing inflation offsets robust top line growth. J.P. Morgan said that Carter’s was flat on the day yesterday (SPX flat) despite much worse than expected 2011 commentary (1Q gross margins guided down by 700 bps...
-
Carter's Investor Day Highlights Growth Drivers
Thursday, November 4, 2010 - 8:29am | 254Read More...Carter's Inc. (NYSE: CRI) reported that cotton overhangs on its stock but there are multiple growth drivers evident, according to Sterne Agee, which has published a research report on the company. In the report, Sterne Agee writes "CRI management is hopeful that by spring 2011 cotton prices will...
