Analysts Set Carter’s, Inc. (NYSE:CRI) Target Price at $65.60

Shares of Carter’s, Inc. (NYSE:CRI) have been assigned an average rating of “Reduce” from the four ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $49.00.

CRI has been the topic of a number of recent research reports. UBS Group decreased their price objective on Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company decreased their price target on Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Finally, Citigroup lowered their price target on Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th.

Carter’s Stock Down 2.0 %

NYSE CRI opened at $41.30 on Wednesday. The stock has a 50 day moving average price of $52.30 and a 200-day moving average price of $57.93. Carter’s has a one year low of $40.76 and a one year high of $88.03. The company has a market capitalization of $1.49 billion, a P/E ratio of 6.56, a P/E/G ratio of 3.37 and a beta of 1.21. 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 (NYSE:CRI) last issued its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.52. The business had revenue of $859.70 million during the quarter, compared to analysts’ expectations of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $2.76 EPS. As a group, equities analysts predict that Carter’s will post 5.15 EPS for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.75%. Carter’s’s dividend payout ratio is 62.62%.

Institutional Investors Weigh In On Carter’s

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp increased its stake in Carter’s by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after purchasing an additional 270 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Carter’s in the third quarter worth about $28,000. EverSource Wealth Advisors LLC increased its stake in Carter’s by 2,112.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock worth $29,000 after buying an additional 507 shares during the period. Colonial Trust Co SC bought a new stake in Carter’s during the 4th quarter valued at about $29,000. Finally, Venturi Wealth Management LLC boosted its position in Carter’s by 221.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares during the period.

Carter’s Company Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.