Carter's Stock Hits 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 $52.06, above its previous 52-week high of $51.54 with 10,107 shares traded as of 9:35 a.m. ET. Average volume has been 647,300 shares over the past 30 days.

Carter's has a market cap of $3 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 28.6% 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 26.3, equal to the average consumer non-durables industry P/E ratio 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 somewhat disappointing return on equity. You can view the full Carter's Ratings Report.

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