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

NEW YORK ( TheStreet) -- Carter's (NYSE: CRI) hit a new 52-week high Wednesday as it is currently trading at $43.24, above its previous 52-week high of $43.23 with 30,401 shares traded as of 10:08 a.m. ET. Average volume has been 727,300 shares over the past 30 days.

Carter's has a market cap of $2.44 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 7.7% year to date as of the close of trading on Tuesday.

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 21.9, above the average consumer non-durables industry P/E ratio of 21.4 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Carter's as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, attractive valuation levels, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Carter's Ratings Report.

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