Carter’s, Inc. (CRI) – What Are Analysts Thinking About This Stock?

Shares of Carter’s, Inc. (NYSE:CRI) have been given an average rating of “Hold” by the ten research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $38.62.

CRI has been the subject of a number of recent analyst reports. Zacks Research cut shares of Carter’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. BMO Capital Markets initiated coverage on shares of Carter’s in a research note on Tuesday, September 8th. They issued an “outperform” rating and a $40.00 price objective for the company. Weiss Ratings raised Carter’s from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Needham & Company LLC restated a “hold” rating on shares of Carter’s in a research report on Tuesday, October 20th. Finally, Wells Fargo & Company reduced their target price on Carter’s from $42.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th.

Hedge Funds Weigh In On Carter’s

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Maryland State Retirement & Pension System grew its stake in shares of Carter’s by 54.4% in the third quarter. Maryland State Retirement & Pension System now owns 8,199 shares of the textile maker’s stock valued at $257,000 after buying an additional 2,890 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in Carter’s by 1.7% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 19,367 shares of the textile maker’s stock worth $606,000 after purchasing an additional 317 shares during the last quarter. Fulcrum Asset Management LLP lifted its position in shares of Carter’s by 2,314.5% during the 3rd quarter. Fulcrum Asset Management LLP now owns 1,497 shares of the textile maker’s stock worth $47,000 after buying an additional 1,435 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Carter’s during the 3rd quarter worth approximately $8,073,000. Finally, Alps Advisors Inc. acquired a new position in shares of Carter’s in the third quarter valued at about $596,000.

Carter’s Price Performance

Shares of CRI opened at $32.01 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.63 and a current ratio of 2.78. The company has a 50 day moving average price of $31.78 and a 200-day moving average price of $36.18. Carter’s has a fifty-two week low of $27.86 and a fifty-two week high of $44.44. The stock has a market capitalization of $1.17 billion, a PE ratio of 5.32, a PEG ratio of 3.63 and a beta of 0.85.

Carter’s (NYSE:CRI) last issued its earnings results on Friday, October 30th. The textile maker reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.18. The company had revenue of $752.46 million for the quarter, compared to the consensus estimate of $747.34 million. Carter’s had a net margin of 7.40% and a return on equity of 13.25%. Carter’s’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. Equities analysts predict that Carter’s will post 3.22 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.00 annualized dividend and a yield of 3.1%. Carter’s’s dividend payout ratio is currently 16.61%.

Carter’s Company Profile

Carter’s, Inc (NYSE:CRI) is a major designer, source and marketer of apparel and related products for babies and young children. The company offers clothing, accessories, footwear, gifts and other products for infants, toddlers and children through brands including Carter’s, OshKosh B’gosh, Little Planet and Skip Hop.

Founded in 1865, Carter’s has built a long-standing presence in the children’s apparel market. Its products are sold through company-operated retail stores, e-commerce websites and wholesale partners, including department stores, mass merchants and specialty retailers.