Brokerages Set Carter’s, Inc. (NYSE:CRI) Target Price at $30.25

Shares of Carter’s, Inc. (NYSE:CRI) have been assigned a consensus recommendation of “Strong Sell” from the six brokerages that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $30.25.

CRI has been the topic of a number of research analyst reports. Zacks Research cut Carter’s from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 13th. Weiss Ratings reissued a “sell (d)” rating on shares of Carter’s in a research note on Saturday, September 27th. UBS Group reduced their target price on Carter’s from $32.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, July 28th. Finally, Barclays reduced their target price on Carter’s from $25.00 to $22.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 29th.

Institutional Trading of Carter’s

Institutional investors have recently added to or reduced their stakes in the business. FORA Capital LLC purchased a new stake in Carter’s during the first quarter valued at about $718,000. GAMMA Investing LLC boosted its position in Carter’s by 38.2% during the first quarter. GAMMA Investing LLC now owns 2,004 shares of the textile maker’s stock valued at $82,000 after buying an additional 554 shares during the period. Aigen Investment Management LP purchased a new stake in Carter’s during the first quarter valued at about $1,526,000. Capital Fund Management S.A. boosted its position in Carter’s by 473.8% during the first quarter. Capital Fund Management S.A. now owns 132,134 shares of the textile maker’s stock valued at $5,404,000 after buying an additional 109,106 shares during the period. Finally, Blueshift Asset Management LLC purchased a new stake in Carter’s during the first quarter valued at about $780,000.

Carter’s Trading Down 2.7%

Carter’s stock opened at $29.04 on Friday. The stock has a market cap of $1.06 billion, a P/E ratio of 7.70 and a beta of 1.07. Carter’s has a fifty-two week low of $23.38 and a fifty-two week high of $68.69. The firm’s fifty day moving average price is $27.81 and its 200-day moving average price is $31.68. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 2.20.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Friday, July 25th. The textile maker reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.26). The firm had revenue of $585.31 million during the quarter, compared to the consensus estimate of $563.24 million. Carter’s had a return on equity of 20.68% and a net margin of 4.79%.The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. Equities research analysts forecast that Carter’s will post 5.15 earnings per share for the current fiscal year.

Carter’s Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, August 26th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, August 26th. Carter’s’s dividend payout ratio is presently 26.53%.

Carter’s Company Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.