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

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

Several research analysts have recently weighed in on CRI shares. Wells Fargo & Company lowered their price target 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. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price on the stock in a report on Tuesday, November 12th.

Carter’s Price Performance

Shares of NYSE CRI opened at $55.86 on Friday. The firm has a 50-day simple moving average of $58.55 and a 200-day simple moving average of $62.49. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 3.39 and a beta of 1.23. Carter’s has a 52 week low of $50.27 and a 52 week high of $88.03.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 5.73%. Carter’s’s dividend payout ratio (DPR) is 50.79%.

Hedge Funds Weigh In On Carter’s

Several institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in Carter’s by 112.0% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after buying an additional 214 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Carter’s in the 3rd quarter worth $28,000. Gladius Capital Management LP purchased a new stake in shares of Carter’s in the second quarter valued at about $30,000. CWM LLC increased its stake in shares of Carter’s by 431.3% during 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, Venturi Wealth Management LLC raised its holdings in Carter’s by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 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.