Carter's Inc (NYSE:CRI) has been downgraded from Outperform to Market Perform in a statement by Wells Fargo earlier today.
- Updated: September 26, 2016
Wells Fargo has downgraded Carter's Inc (NYSE:CRI) from Outperform to Market Perform in a report released on Tuesday September 27, 2016.
Previously on 8/8/2016, Monness reported about Carter's Inc (NYSE:CRI) raised the target price from $0.00 to $101.23. At the time, this indicated a possible upside of 0%.
Yesterday Carter's Inc (NYSE:CRI) traded -1.34% lower at $93.37. The company’s 50-day moving average is $97.62 and its 200-day moving average is $102.26. The last stock close price is down -8.69% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 659,981 shares of the stock were exchanged, down from an average trading volume of 668,956
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Carter's Inc has a 52 week low of $82.22 and a 52 week high of $112.58 with a price-earnings ratio of 20.07 Carter's Inc’s market capitalization is currently $0.
In addition to Wells Fargo reporting its stock price target, a total of 7 brokerages have issued a ratings update on the company. The average stock price target is $112.29 with 5 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Carter's Inc (NYSE:CRI)
Carter's, Inc. (Carter's) is a marketer of apparel for babies and young children in the United States and Canada. The Company operates through five segments: Carter's Retail, Carter's Wholesale, OshKosh Retail, OshKosh Wholesale and International. Its international segment includes Company-operated retail stores, wholesale and online operations in addition to royalty income from its international licensees. The Company owns two brand names in the children's apparel industry: Carter's and OshKosh B'gosh (OshKosh). The Company offers various product categories, including baby, sleepwear, playclothes and related accessories. The Company operates approximately 590 Carter's and over 240 OshKosh stores in the United States, and its products are sold through approximately 150 Company-operated stores in Canada in addition to its international wholesale, licensing and online channels. It has collaborated with approximately 30 licensees to sell the Carter's and OshKosh brands internationally.
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