Carter’s, Inc. (NYSE:CRI) Receives $70.50 Consensus Target Price from Analysts

Carter’s, Inc. (NYSE:CRI) has been given an average rating of “Reduce” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $70.50.

A number of equities research analysts recently weighed in on CRI shares. StockNews.com cut shares of Carter’s from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Citigroup cut their price objective on shares of Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a research note on Thursday, April 18th. Wells Fargo & Company cut their price objective on shares of Carter’s from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 24th. Finally, Bank of America cut their price objective on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research note on Monday, July 29th.

Carter’s Stock Performance

CRI stock opened at $58.39 on Monday. Carter’s has a 1 year low of $54.74 and a 1 year high of $88.03. The stock’s fifty day moving average is $63.20 and its two-hundred day moving average is $72.02. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 2.09. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 3.71 and a beta of 1.22.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 5.48%. The ex-dividend date was Friday, May 24th. Carter’s’s dividend payout ratio (DPR) is presently 50.47%.

Institutional Investors Weigh In On Carter’s

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Gladius Capital Management LP purchased a new position in Carter’s in the 2nd quarter worth about $30,000. Ables Iannone Moore & Associates Inc. purchased a new position in Carter’s in the 4th quarter worth about $37,000. CWM LLC increased its stake in Carter’s by 431.3% in the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after purchasing an additional 483 shares in the last quarter. Blue Trust Inc. increased its stake in Carter’s by 28.6% in the 4th quarter. Blue Trust Inc. now owns 630 shares of the textile maker’s stock worth $44,000 after purchasing an additional 140 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Carter’s by 457.2% in the 4th quarter. Parallel Advisors LLC now owns 808 shares of the textile maker’s stock worth $61,000 after purchasing an additional 663 shares in the last quarter.

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.