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

Shares of Carter’s, Inc. (NYSE:CRI) have been given an average recommendation of “Reduce” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $67.67.

A number of research firms recently commented on CRI. Wells Fargo & Company decreased their price objective on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Bank of America decreased their price target on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research note on Monday, July 29th. Finally, Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target on the stock in a research note on Tuesday.

Carter’s Trading Down 0.5 %

CRI opened at $52.42 on Wednesday. Carter’s has a one year low of $50.27 and a one year high of $88.03. The stock has a market capitalization of $1.89 billion, a PE ratio of 8.32, a P/E/G ratio of 3.08 and a beta of 1.24. The business’s 50 day moving average price is $63.18 and its 200 day moving average price is $64.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 6.10%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s payout ratio is currently 50.79%.

Institutional Trading of Carter’s

Several hedge funds have recently modified their holdings of CRI. RWWM Inc. acquired a new stake in shares of Carter’s in the second quarter valued at $23,675,000. Pacer Advisors Inc. increased its holdings in Carter’s by 44.4% in the second quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock valued at $74,928,000 after buying an additional 371,681 shares during the last quarter. AQR Capital Management LLC increased its holdings in Carter’s by 50.7% in the second quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock valued at $34,212,000 after buying an additional 186,894 shares during the last quarter. Reinhart Partners LLC. increased its holdings in Carter’s by 67.3% in the second quarter. Reinhart Partners LLC. now owns 461,190 shares of the textile maker’s stock valued at $28,580,000 after buying an additional 185,458 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in Carter’s by 29.2% in the second quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock valued at $46,918,000 after buying an additional 170,960 shares during 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.