Analysts Set Carter’s, Inc. (NYSE:CRI) Price Target at $41.17

Shares of Carter’s, Inc. (NYSE:CRI) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $41.1667.

A number of brokerages recently issued reports on CRI. Citigroup reissued a “buy” rating on shares of Carter’s in a report on Tuesday, July 21st. Wells Fargo & Company raised Carter’s from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $30.00 to $42.00 in a report on Wednesday, June 17th. Monness Crespi & Hardt upped their price target on Carter’s from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded shares of Carter’s from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, UBS Group restated a “buy” rating on shares of Carter’s in a research report on Wednesday, July 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CRI. California State Teachers Retirement System grew its position in Carter’s by 3,916.7% during the second quarter. California State Teachers Retirement System now owns 1,858,497 shares of the textile maker’s stock worth $76,496,000 after buying an additional 1,812,228 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Carter’s by 113.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,564,457 shares of the textile maker’s stock valued at $77,267,000 after acquiring an additional 1,364,698 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Carter’s in the 2nd quarter valued at about $28,348,000. Rubric Capital Management LP raised its holdings in shares of Carter’s by 121.5% in the 1st quarter. Rubric Capital Management LP now owns 1,018,853 shares of the textile maker’s stock valued at $36,434,000 after acquiring an additional 558,853 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Carter’s by 36.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,765,205 shares of the textile maker’s stock valued at $63,121,000 after acquiring an additional 472,786 shares during the last quarter.

Carter’s Trading Up 0.2%

Shares of CRI stock opened at $33.63 on Monday. The company’s fifty day simple moving average is $38.88 and its two-hundred day simple moving average is $37.82. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.47 and a quick ratio of 1.50. Carter’s has a 1 year low of $27.15 and a 1 year high of $44.44. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 6.30, a PEG ratio of 3.78 and a beta of 0.87.

Carter’s (NYSE:CRI) last posted its earnings results on Friday, July 31st. The textile maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.20. The firm had revenue of $615.49 million for the quarter, compared to the consensus estimate of $605.68 million. Carter’s had a return on equity of 12.78% and a net margin of 6.55%.The business’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.17 earnings per share. As a group, analysts anticipate that Carter’s will post 3.28 earnings per share for the current year.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a $0.25 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.00 annualized dividend and a yield of 3.0%. Carter’s’s dividend payout ratio is currently 18.73%.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.