B.Riley FBR Keeps Their Buy Rating on Carter’s (CRI)


In a report released today, Susan Anderson from B.Riley FBR reiterated a Buy rating on Carter’s (CRI), with a price target of $118. The company’s shares closed yesterday at $100.03.

According to TipRanks.com, Anderson is a 3-star analyst with an average return of 1.6% and a 45.4% success rate. Anderson covers the Services sector, focusing on stocks such as Ascena Retail Group, Abercrombie Fitch, and Children’s Place.

Carter’s has an analyst consensus of Moderate Buy, with a price target consensus of $114.50, representing a 14.5% upside. In a report released yesterday, Wells Fargo also maintained a Buy rating on the stock with a $111 price target.

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Based on Carter’s’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $71.23 million. In comparison, last year the company had a net profit of $135 million.

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Carter’s, Inc. engages in the marketing of apparel for babies and young children. It operates through the following segments: U.S. Retail, U.S. Wholesale, and International. The U.S. retail segment consists of sales of products in retail stores and e-commerce sites. The U.S. Wholesale segment includes sales of its products to wholesale accounts.

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