Carter’s, Inc. (NYSE:CRI) Given Average Rating of “Reduce” by Brokerages

Carter’s, Inc. (NYSE:CRI) has earned a consensus rating of “Reduce” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $67.67.

Several equities analysts have commented on CRI shares. Wells Fargo & Company decreased their price target on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a report on Tuesday, November 12th.

Carter’s Stock Up 0.6 %

Shares of NYSE:CRI opened at $55.51 on Thursday. The firm has a market capitalization of $2.00 billion, a PE ratio of 8.81, a price-to-earnings-growth ratio of 3.28 and a beta of 1.23. Carter’s has a 1 year low of $50.27 and a 1 year high of $88.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The firm’s 50-day moving average is $55.94 and its two-hundred day moving average is $61.27.

Carter’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 5.76%. The ex-dividend date was Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is presently 50.79%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CRI. Wellington Management Group LLP boosted its holdings in shares of Carter’s by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker’s stock valued at $100,422,000 after buying an additional 60,089 shares in the last quarter. Pacer Advisors Inc. boosted its stake 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 acquiring an additional 371,681 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Carter’s by 3.8% during 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 purchasing an additional 42,589 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 purchasing an additional 112,947 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Carter’s by 29.2% in the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock valued at $46,918,000 after purchasing an additional 170,960 shares during the last quarter.

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.