Carter’s, Inc. (NYSE:CRI) Receives Consensus Rating of “Reduce” from Brokerages

Carter’s, Inc. (NYSE:CRI) has received a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $71.17.

CRI has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on shares of Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th. Bank of America reduced their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research report on Monday, July 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Carter’s by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after acquiring an additional 214 shares during the period. Gladius Capital Management LP purchased a new stake in Carter’s in the second quarter worth $30,000. Ables Iannone Moore & Associates Inc. purchased a new stake in Carter’s in the fourth quarter worth $37,000. CWM LLC lifted its stake in Carter’s by 431.3% in the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after acquiring an additional 483 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its stake in Carter’s by 67.6% in the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after acquiring an additional 346 shares during the period.

Carter’s Stock Up 1.8 %

CRI stock opened at $67.30 on Friday. The company has a current ratio of 2.09, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $65.87 and its 200 day moving average is $66.47. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 3.86 and a beta of 1.23. Carter’s has a 1-year low of $54.74 and a 1-year high of $88.03.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Friday, July 26th. The textile maker reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.31. The company had revenue of $564.43 million for the quarter, compared to analysts’ expectations of $566.79 million. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. Sell-side analysts predict that Carter’s will post 4.87 EPS for the current fiscal year.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s dividend payout ratio is 50.47%.

Carter’s Company Profile

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.