Carter’s, Inc. (NYSE:CRI) Receives $32.60 Consensus Price Target from Analysts

Carter’s, Inc. (NYSE:CRI) has been assigned a consensus rating of “Reduce” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $32.60.

A number of brokerages have weighed in on CRI. Citigroup upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and lifted their price target for the company from $34.00 to $50.00 in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Carter’s in a research report on Friday, January 9th. Wells Fargo & Company lifted their target price on Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Tuesday, October 28th. Barclays boosted their price target on Carter’s from $23.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. Finally, UBS Group raised their price objective on Carter’s from $26.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th.

Institutional Investors Weigh In On Carter’s

Several institutional investors have recently bought and sold shares of the business. Signaturefd LLC raised its stake in shares of Carter’s by 269.0% in the 2nd quarter. Signaturefd LLC now owns 1,000 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 729 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in Carter’s by 555.9% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,115 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 945 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Carter’s by 1,208.1% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,295 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 1,196 shares in the last quarter. Versant Capital Management Inc raised its position in Carter’s by 135.4% in the third quarter. Versant Capital Management Inc now owns 1,415 shares of the textile maker’s stock valued at $40,000 after purchasing an additional 814 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Carter’s by 202.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker’s stock valued at $45,000 after purchasing an additional 995 shares during the period.

Carter’s Stock Down 3.2%

CRI opened at $36.71 on Thursday. Carter’s has a 12 month low of $23.38 and a 12 month high of $54.58. The business has a 50-day moving average of $33.99 and a two-hundred day moving average of $30.86. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.26 and a quick ratio of 0.95. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 14.86 and a beta of 1.06.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were issued a $0.25 dividend. The ex-dividend date was Monday, November 24th. This represents a $1.00 annualized dividend and a yield of 2.7%. Carter’s’s dividend payout ratio (DPR) is presently 40.49%.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.