Brokerages Set Carter’s, Inc. (NYSE:CRI) PT at $65.60

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

Several equities analysts recently issued reports on the stock. Citigroup cut their price target on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company cut their price target on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Finally, UBS Group cut their price target on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th.

Carter’s Price Performance

NYSE:CRI opened at $40.88 on Wednesday. The company has a 50-day moving average of $51.75 and a 200-day moving average of $57.62. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 6.49, a PEG ratio of 3.37 and a beta of 1.24. Carter’s has a 52 week low of $40.76 and a 52 week high of $88.03. 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 released 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 company had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $2.76 EPS. As a group, equities research analysts anticipate that Carter’s will post 5.15 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 7.83%. The ex-dividend date is Monday, March 10th. Carter’s’s payout ratio is presently 62.62%.

Institutional Investors Weigh In On Carter’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRI. Jones Financial Companies Lllp increased its position in Carter’s by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 270 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Carter’s in the 3rd quarter valued at about $28,000. EverSource Wealth Advisors LLC increased its position 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 valued at $29,000 after acquiring an additional 507 shares in the last quarter. Colonial Trust Co SC acquired a new stake in Carter’s in the 4th quarter valued at about $29,000. Finally, Venturi Wealth Management LLC increased 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 acquiring an additional 500 shares in the last quarter.

About Carter’s

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.