In a report released today, Laurent Vasilescu from Macquarie downgraded Carter’s (NYSE: CRI) to Hold. The company’s shares opened today at $97.90.
According to TipRanks.com, Vasilescu is a 3-star analyst with an average return of 2.2% and a 52.6% success rate. Vasilescu covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Deckers Outdoor, and Hanesbrands.
Currently, the analyst consensus on Carter’s is a Moderate Buy with an average price target of $103.67, implying a 5.9% upside from current levels. In a report issued on October 18, Cowen & Co. also maintained a Hold rating on the stock with a $95 price target.
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The company has a one-year high of $129 and a one-year low of $88.98. Currently, Carter’s has an average volume of 979.1K.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.
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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.
