Carter’s, Inc. (NYSE:CRI) Receives Average Recommendation of “Reduce” from Analysts

Shares of Carter’s, Inc. (NYSE:CRI) have been given a consensus rating of “Reduce” by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $67.67.

A number of brokerages have weighed in on CRI. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a research note on Tuesday, November 12th. Wells Fargo & Company cut their price target on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th.

Carter’s Stock Down 0.7 %

Carter’s stock opened at $53.47 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter’s has a fifty-two week low of $50.25 and a fifty-two week high of $88.03. The company’s 50 day simple moving average is $54.18 and its 200 day simple moving average is $60.01. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 3.36 and a beta of 1.22.

Carter’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s dividend payout ratio is presently 50.79%.

Institutional Trading of Carter’s

A number of institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of Carter’s by 4.0% in the third quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker’s stock worth $100,422,000 after purchasing an additional 60,089 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Carter’s by 44.4% during the second quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock worth $74,928,000 after buying an additional 371,681 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Carter’s by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock worth $76,144,000 after buying an additional 42,589 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Carter’s by 11.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock worth $65,868,000 after buying an additional 112,947 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Carter’s by 50.7% during the second quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock worth $34,212,000 after buying an additional 186,894 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.