Carter’s, Inc. (NYSE:CRI) Given Consensus Recommendation of “Reduce” by Analysts

Carter’s, Inc. (NYSE:CRI) has received a consensus recommendation of “Reduce” from the seven ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $67.67.

Several equities analysts have recently weighed in on the company. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a report on Tuesday, November 12th. Wells Fargo & Company reduced their price objective on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th.

Carter’s Stock Down 0.8 %

CRI stock opened at $54.57 on Friday. The business has a 50 day moving average of $59.15 and a 200 day moving average of $62.80. The firm has a market cap of $1.97 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 3.31 and a beta of 1.24. Carter’s has a twelve month low of $50.27 and a twelve month high of $88.03. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

Carter’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a $0.80 dividend. The ex-dividend date is Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 5.86%. Carter’s’s payout ratio is 50.79%.

Institutional Trading of Carter’s

A number of institutional investors have recently made changes to their positions in CRI. GAMMA Investing LLC boosted its stake in shares of Carter’s by 112.0% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after buying an additional 214 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Carter’s during the 3rd quarter valued at about $28,000. Gladius Capital Management LP purchased a new stake in shares of Carter’s during the 2nd quarter valued at about $30,000. CWM LLC lifted its stake in shares of Carter’s by 431.3% in the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after purchasing an additional 483 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Carter’s by 221.2% in the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after buying an additional 500 shares during the last quarter.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.