Carter’s, Inc. (NYSE:CRI) Given Consensus Rating of “Reduce” by Brokerages

Carter’s, Inc. (NYSE:CRI) has earned a consensus recommendation of “Reduce” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $67.67.

Several equities research analysts have weighed in on the company. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a research note on Tuesday, November 12th. Wells Fargo & Company dropped their price target on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th.

Institutional Trading of Carter’s

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in Carter’s by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 214 shares during the period. Capital Performance Advisors LLP acquired a new stake in Carter’s during the 3rd quarter worth about $28,000. Venturi Wealth Management LLC grew its holdings in Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after acquiring an additional 500 shares during the period. Abich Financial Wealth Management LLC grew its holdings in Carter’s by 67.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after acquiring an additional 346 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in Carter’s during the 3rd quarter worth about $74,000.

Carter’s Stock Down 0.9 %

NYSE CRI opened at $54.11 on Monday. The business has a fifty day moving average price of $54.32 and a two-hundred day moving average price of $59.76. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter’s has a fifty-two week low of $50.25 and a fifty-two week high of $88.03. The stock has a market capitalization of $1.95 billion, a PE ratio of 8.59, a PEG ratio of 3.55 and a beta of 1.22.

Carter’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a $0.80 dividend. The ex-dividend date was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a yield of 5.91%. Carter’s’s payout ratio is 50.79%.

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.