Carter's Receives Rating Boost to Buy from StockNews.com

On a recent Saturday, equity research analysts at StockNews.com revised their stance on Carter's (NYSE:CRI), uplifting the childrenswear giant's stock rating from 'hold' to 'buy'. This endorsement could potentially signal an opportune moment for investors to consider adding Carter's to their portfolios. In a separate development further bolstering the company's stock attractiveness, TheStreet upgraded Carter's rating from 'c+' to 'b-'.

Market Analysis and Carter's Stock Position

Analysts have issued mixed reviews for Carter's, with ratings ranging from sell to buy. According to MarketBeat.com, the consensus rating remains at 'Hold' with an average price target of $66.67. Despite this, the actual performance of Carter's stock paints a more positive picture. As of the last report, the stock was trading at $81.19, with an annual range between $60.65 and $81.92. Boasting a market capitalization of approximately $2.99 billion and healthy financial ratios such as a 2.30 current ratio and a 0.96 quick ratio, the company is showing signs of robust financial health.

Insider Selling Reports

Recently, Carter's EVP Julie D'Emilio sold 3,400 shares at an average price of $72.50, totalling $246,500.00. Despite this sale, D'Emilio still holds 42,783 shares valued at over $3 million, as recorded in a disclosure to the SEC.

Investment Shifts by Institutional Players

There has been significant recent activity among institutional investors in Carter's shares. Bank of New York Mellon Corp boosted their holdings by a remarkable 162.6%, and other major investment entities like Fuller & Thaler Asset Management Inc., Norges Bank, Cooper Creek Partners Management LLC, and Renaissance Technologies LLC have made notable investments in the company's stock.

Understanding Carter's Business

Carter's, Inc operates internationally, offering a wide range of childrenswear through various well-known brands. With a presence in both the U.S. and other global markets, Carter’s continues to be a leader in its segment by maintaining a diversified brand portfolio that resonates with consumers.

Why Investing in Carter's Might Be a Good Idea

Considering the company's strong market position, stable financial metrics, and recent positive ratings from different analyst firms, investors might find Carter's to be a sound addition to their investment strategies. Always remember, however, to perform your own due diligence before making investment decisions.

Carter's, Upgrade, Stock