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

Carter’s, Inc. (NYSE:CRI) has earned a consensus recommendation of “Reduce” from the seven research firms that are currently covering the company, 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 12-month target price among analysts that have updated their coverage on the stock in the last year is $67.67.

A number of brokerages have recently issued reports on CRI. Citigroup raised 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, November 12th. Wells Fargo & Company dropped their target price on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 28th.

Carter’s Price Performance

NYSE:CRI opened at $55.51 on Thursday. The stock has a 50 day moving average of $55.94 and a two-hundred day moving average of $61.27. Carter’s has a 12 month low of $50.27 and a 12 month high of $88.03. The firm has a market cap of $2.00 billion, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 3.28 and a beta of 1.23. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

Carter’s Announces Dividend

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

Hedge Funds Weigh In On Carter’s

Several large investors have recently modified their holdings of CRI. Franklin Resources Inc. lifted its position in Carter’s by 109.8% in the third quarter. Franklin Resources Inc. now owns 38,617 shares of the textile maker’s stock valued at $2,468,000 after buying an additional 20,210 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Carter’s in the 3rd quarter valued at approximately $692,000. Barclays PLC lifted its holdings in shares of Carter’s by 58.7% in the 3rd quarter. Barclays PLC now owns 20,077 shares of the textile maker’s stock worth $1,304,000 after acquiring an additional 7,429 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Carter’s by 2.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock worth $1,147,000 after purchasing an additional 396 shares during the period. Finally, Dean Investment Associates LLC increased its holdings in Carter’s by 116.5% in the 3rd quarter. Dean Investment Associates LLC now owns 62,182 shares of the textile maker’s stock valued at $4,041,000 after purchasing an additional 33,457 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.