Carter Holdings (NYSE:CRI) Receives Downgrade From Citigroup. Will Other Analysts Follow Suit?

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Carter Holdings (NYSE:CRI) Receives a Downgrade

The Rating of Carter Holdings (NYSE:CRI) shares have been cut by Citigroup from a “Buy” rating to a “Neutral” rating in an interesting research report published on Thursday, 17 December.

From a total of 7 analysts covering Carter’s (NYSE:CRI) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 60% of the ratings are positive. The highest target price is $119 while the lowest target price is $90. The mean of all analyst targets is $105.71 with a 21.24% above today’s ($89.08) stock price. Carter’s was the topic of 3 analyst reports since August 31, 2015 according to the firm StockzIntelligence Inc. Wells Fargo initiated shares on October 22 with “Outperform” rating. Zacks upgraded CRI stock in a recent report from August 31 to “Hold” rating.

Approximately 261,903 shares of stock traded hands. Carter’s, Inc. (NYSE:CRI) has declined 9.27% since May 14, 2015 and is downtrending. It has underperformed by 7.01% the S&P500.

The overall sentiment of institutions has increased to 1.33 in Q2 2015. Its up 0.02, from 1.31 in 2015Q2. The ratio improved, as 29 institutions have sold all the shares of Carter’s, Inc. that they owned while 103 funds have taken shares off the table. 52 funds have purchased shares for the first time while 123 added to their positions. These institutions now hold 57.88 million shares or 18.82% more than the 48.72 million shares they owned in 2015Q2.

The Fund Banbury Partners Llc currently is holding shares equating to 11.06% of its total portfolio in Carter’s, Inc. representing a total of 294,900 shares. Another fund,Hcsf Management Llc, is holding a total of 102,000 shares equating to 9.77% of their holdings. Additionally, Jgp Global Gestao De Recursos Ltda. has a 192,671 share stake in Carter’s, Inc. which represents 9.59% of their total portfolio. The Fund, Hound Partners Llc, based out of New York, has also built up a stake in the stock, which represents a total of 6.72% of their total portfolio. Finally Nebula Capital Management Lp, a fund which is based in the state of Connecticut reported a total holdings of 92,844 shares.

Carter’s, Inc. is a marketer of apparel for babies and young children in the United States. The company has a market cap of $4.66 billion. The Firm owns two brand names in the children’s apparel industry, Carter’s and OshKosh. It has 20.17 P/E ratio. The Firm operates through five business divisions: Carter’s retail, Carter’s wholesale, OshKosh retail, OshKosh wholesale and International.

According to Zacks Investment Research, “Carter’s, Inc. is a leading provider of apparel and related products exclusively for babies and young children. The Company owns the Carter’s and OshKosh B’gosh brands, two of the most recognized brands in the marketplace. These brands are sold in leading department stores, national chains, and specialty retailers domestically and internationally and through Company-operated stores and on-line at carters.com and oshkoshbgosh.com. The Company’s Child of Mine brand is available at Walmart, and its Genuine Kids, Just One You, and Precious Firsts brands are available at Target.”

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