Carter’s (NYSE:CRI) Stock Rating Upgraded by Citigroup

Citigroup upgraded shares of Carter’s (NYSE:CRI) from a sell rating to a neutral rating in a report released on Tuesday, Marketbeat Ratings reports. Citigroup currently has $50.00 price target on the textile maker’s stock.

Several other brokerages also recently weighed in on CRI. Wells Fargo & Company cut their price objective on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Bank of America cut their price objective on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $67.67.

Carter’s Stock Down 1.3 %

Carter’s stock traded down $0.68 during midday trading on Tuesday, hitting $52.61. The stock had a trading volume of 156,338 shares, compared to its average volume of 972,399. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average price of $62.63 and a 200 day moving average price of $64.02. Carter’s has a 12 month low of $50.27 and a 12 month high of $88.03. The stock has a market cap of $1.90 billion, a P/E ratio of 8.46, a P/E/G ratio of 3.29 and a beta of 1.24.

Carter’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 6.08%. Carter’s’s dividend payout ratio is currently 50.79%.

Hedge Funds Weigh In On Carter’s

Several institutional investors have recently modified their holdings of CRI. Pacer Advisors Inc. grew its holdings in shares of Carter’s by 44.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock valued at $74,928,000 after acquiring an additional 371,681 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Carter’s by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock worth $76,144,000 after acquiring an additional 42,589 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Carter’s by 11.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock worth $65,868,000 after buying an additional 112,947 shares in the last quarter. American Century Companies Inc. lifted its holdings in Carter’s by 29.2% during the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock worth $46,918,000 after buying an additional 170,960 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Carter’s by 50.7% in the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock worth $34,212,000 after purchasing an additional 186,894 shares during the period.

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.