Carter's Stock Hits New 52-Week High (CRI)

NEW YORK ( TheStreet) -- Carter's (NYSE: CRI) hit a new 52-week high Friday as it is currently trading at $50.06, above its previous 52-week high of $50.02 with 614,650 shares traded as of 12:55 p.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 24% year to date as of the close of trading on Thursday.

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 25.3, 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, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, good cash flow from operations and expanding profit margins. 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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