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TheStreet Wire

Carter's Reaches New 52-Week High (CRI)

By TheStreet Wire 09/06/12 - 12:10 PM EDT

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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (TheStreet) -- Carter's (NYSE:CRI) hit a new 52-week high Thursday as it is currently trading at $57.28, above its previous 52-week high of $57.27 with 126,247 shares traded as of 11:45 a.m. ET. Average volume has been 686,300 shares over the past 30 days.

Carter's has a market cap of $3.33 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 42.1% year to date as of the close of trading on Wednesday.

Carter's, Inc., together with its subsidiaries, designs, sources, and markets branded children's wear. The company provides products under the Carter's, Child of Mine, Just One You, Precious Firsts, OshKosh, and related brand names. The company has a P/E ratio of 27.3, below the average consumer non-durables industry P/E ratio of 27.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Carter's as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Carter's Ratings Report.

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