Carter's (CRI) Reaches New Lifetime High Today

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.

Trade-Ideas LLC identified Carter's ( CRI) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Carter's as such a stock due to the following factors:

  • CRI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $71.6 million.
  • CRI has traded 3,776 shares today.
  • CRI is trading at a new lifetime high.

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More details on CRI:

Carter's, Inc. and its subsidiaries design, source, and market branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, OshKosh, and other brands. The stock currently has a dividend yield of 0.8%. CRI has a PE ratio of 27. Currently there are 3 analysts that rate Carter's a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Carter's has been 627,800 shares per day over the past 30 days. Carter's has a market cap of $5.6 billion and is part of the consumer goods sector and consumer non-durables industry. The stock has a beta of 0.52 and a short float of 1.2% with 0.94 days to cover. Shares are up 22.9% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Carter's as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:
  • Powered by its strong earnings growth of 49.20% and other important driving factors, this stock has surged by 52.28% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, although almost any stock can fall in a broad market decline, CRI should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • CARTER'S INC has improved earnings per share by 49.2% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CARTER'S INC increased its bottom line by earning $3.63 versus $2.77 in the prior year. This year, the market expects an improvement in earnings ($4.53 versus $3.63).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Textiles, Apparel & Luxury Goods industry. The net income increased by 45.2% when compared to the same quarter one year prior, rising from $34.30 million to $49.79 million.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 9.3%. Since the same quarter one year prior, revenues slightly increased by 5.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. When compared to other companies in the Textiles, Apparel & Luxury Goods industry and the overall market, CARTER'S INC's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.

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