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 research note published on Tuesday, MarketBeat reports. The firm currently has $50.00 price target on the textile maker’s stock.

Other equities analysts have also recently issued research reports about the company. Bank of America dropped their target price on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research report on Monday, July 29th. Wells Fargo & Company dropped 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. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $67.67.

Carter’s Trading Down 0.9 %

Shares of Carter’s stock opened at $52.80 on Tuesday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 3.29 and a beta of 1.24. Carter’s has a 52-week low of $50.27 and a 52-week high of $88.03. The company’s 50-day simple moving average is $62.33 and its 200-day simple moving average is $63.90. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

Carter’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend is Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is 50.79%.

Institutional Trading of Carter’s

Several large investors have recently bought and sold shares of CRI. O Shaughnessy Asset Management LLC raised its position in shares of Carter’s by 173.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,196 shares of the textile maker’s stock worth $1,456,000 after purchasing an additional 10,897 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Carter’s by 35.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock valued at $3,619,000 after acquiring an additional 11,265 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Carter’s by 86.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 20,019 shares of the textile maker’s stock valued at $1,714,000 after acquiring an additional 9,295 shares during the last quarter. SG Americas Securities LLC acquired a new position in Carter’s in the 2nd quarter valued at about $671,000. Finally, Easterly Investment Partners LLC lifted its holdings in Carter’s by 25.2% in the 2nd quarter. Easterly Investment Partners LLC now owns 27,227 shares of the textile maker’s stock valued at $1,687,000 after purchasing an additional 5,484 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.