Carter's Inc. (CRI): Today's Featured Consumer Non-Durables Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Carter's ( CRI) pushed the Consumer Non-Durables industry lower today making it today's featured Consumer Non-Durables laggard. The industry as a whole closed the day up 0.3%. By the end of trading, Carter's fell $1.17 (-1.7%) to $66.83 on average volume. Throughout the day, 675,413 shares of Carter's exchanged hands as compared to its average daily volume of 564,500 shares. The stock ranged in price between $66.48-$67.92 after having opened the day at $67.72 as compared to the previous trading day's close of $68.00. Other companies within the Consumer Non-Durables industry that declined today were: American Apparel ( APP), down 32.0%, China Xiniya Fashion ( XNY), down 6.2%, Forward Industries ( FORD), down 4.2% and Joe's Jeans ( JOEZ), down 3.8%.

Carter's, Inc., together with its subsidiaries, designs, sources, and markets branded children's wear. The company provides its products under the Carter's, Child of Mine, Just One You, Precious Firsts, OshKosh, and other brands. Carter's has a market cap of $3.7 billion and is part of the consumer goods sector. Shares are down 5.3% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Carter's a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Carter's as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, increase in stock price during the past year 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.

On the positive front, Swisher Hygiene ( SWSH), up 5.4%, Crocs ( CROX), up 5.0%, Myers Industries ( MYE), up 3.5% and UniFirst Corporation ( UNF), up 3.4% , were all gainers within the consumer non-durables industry with Nike ( NKE) being today's featured consumer non-durables industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the consumer non-durables industry could consider Consumer Staples Select Sector SPDR ( XLP) while those bearish on the consumer non-durables industry could consider ProShares Ultra Sht Consumer Goods ( SZK).

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