Carter’s, Inc. (NYSE:CRI) Receives $73.80 Consensus Price Target from Brokerages

Shares of Carter’s, Inc. (NYSE:CRI) have earned an average rating of “Reduce” from the six research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $73.80.

CRI has been the subject of several analyst reports. StockNews.com lowered shares of Carter’s from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Citigroup dropped their price target on Carter’s from $66.00 to $64.00 and set a “sell” rating for the company in a research note on Thursday, April 18th. Finally, Wells Fargo & Company dropped their price target on Carter’s from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 24th.

Institutional Investors Weigh In On Carter’s

Several institutional investors have recently added to or reduced their stakes in the business. LSV Asset Management boosted its holdings in Carter’s by 3.4% in the fourth quarter. LSV Asset Management now owns 1,229,812 shares of the textile maker’s stock worth $92,101,000 after acquiring an additional 39,976 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in shares of Carter’s by 0.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,135,092 shares of the textile maker’s stock worth $85,007,000 after purchasing an additional 3,570 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Carter’s by 2.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 933,576 shares of the textile maker’s stock worth $69,916,000 after purchasing an additional 18,008 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Carter’s by 59.3% during the fourth quarter. Pacer Advisors Inc. now owns 632,671 shares of the textile maker’s stock worth $47,381,000 after purchasing an additional 235,431 shares during the period. Finally, Reinhart Partners LLC. lifted its holdings in shares of Carter’s by 11.7% during the fourth quarter. Reinhart Partners LLC. now owns 626,380 shares of the textile maker’s stock worth $46,910,000 after purchasing an additional 65,703 shares during the period.

Carter’s Price Performance

NYSE CRI opened at $61.74 on Friday. Carter’s has a 52 week low of $60.57 and a 52 week high of $88.03. The firm has a market capitalization of $2.25 billion, a P/E ratio of 9.74, a PEG ratio of 3.02 and a beta of 1.22. The company has a quick ratio of 1.30, a current ratio of 2.43 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $66.54 and a 200-day moving average price of $74.00.

Carter’s (NYSE:CRI) last released its earnings results on Friday, April 26th. The textile maker reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.33. The company had revenue of $661.49 million during the quarter, compared to analyst estimates of $633.05 million. Carter’s had a net margin of 8.06% and a return on equity of 28.55%. Equities research analysts anticipate that Carter’s will post 6.3 earnings per share for the current year.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, May 28th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend was Friday, May 24th. Carter’s’s payout ratio is currently 50.47%.

About Carter’s

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.