BofA Securities analyst Christopher Nardone maintains $Carter's (CRI.US)$ with a sell rating, and adjusts the target price from $54 to $53.
According to TipRanks data, the analyst has a success rate of 61.3% and a total average return of 14.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Carter's (CRI.US)$'s main analysts recently are as follows:
In the wake of Q3 outcomes, there has been an upward revision of the FY24 earnings per share estimate by 37 cents to $5.15, acknowledging the Q3 outperformance. However, the forecast for FY25 earnings per share has been reduced by 25 cents to $4.75 due to a more conservative margin outlook. It is anticipated that margin pressures will continue into the following year.
The assessment of Carter's recent performance indicated that there were no significant surprises. Although the fourth quarter results seem readily surpassable, it is considered premature to make any definitive assessments.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
