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

Carter’s, Inc. (NYSE:CRI) has been assigned a consensus rating of “Reduce” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $73.80.

Several research analysts recently weighed in on the company. Citigroup lowered their price objective on Carter’s from $66.00 to $64.00 and set a “sell” rating for the company in a research report on Thursday, April 18th. Monness Crespi & Hardt lowered shares of Carter’s from a “buy” rating to a “neutral” rating in a report on Monday, February 26th. UBS Group increased their target price on shares of Carter’s from $76.00 to $79.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Wells Fargo & Company reduced their price target on shares of Carter’s from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 24th. Finally, StockNews.com cut shares of Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th.

Carter’s Trading Down 1.6 %

Shares of CRI stock opened at $68.64 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. Carter’s has a twelve month low of $60.65 and a twelve month high of $88.03. The company’s 50-day moving average price is $76.07 and its 200-day moving average price is $75.12. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 3.42 and a beta of 1.32.

Carter’s (NYSE:CRI) last issued its earnings results on Tuesday, February 27th. The textile maker reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.24. Carter’s had a net margin of 8.06% and a return on equity of 28.55%. The company had revenue of $858.00 million for the quarter, compared to the consensus estimate of $867.81 million. During the same period in the previous year, the firm earned $2.29 earnings per share. Carter’s’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, equities analysts predict that Carter’s will post 6.25 earnings per share for the current year.

Carter’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $3.20 dividend on an annualized basis and a yield of 4.66%. Carter’s’s dividend payout ratio (DPR) is presently 50.47%.

Insiders Place Their Bets

In other news, Director Mark Hipp sold 1,875 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $81.74, for a total transaction of $153,262.50. Following the sale, the director now owns 10,216 shares of the company’s stock, valued at $835,055.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.30% of the company’s stock.

Institutional Trading of Carter’s

A number of large investors have recently made changes to their positions in CRI. LSV Asset Management increased its position in shares of Carter’s by 3.4% in the 4th quarter. LSV Asset Management now owns 1,229,812 shares of the textile maker’s stock valued at $92,101,000 after purchasing an additional 39,976 shares during the last quarter. Boston Trust Walden Corp raised its stake in Carter’s by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,135,092 shares of the textile maker’s stock valued at $85,007,000 after buying an additional 3,570 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Carter’s by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 933,576 shares of the textile maker’s stock worth $69,916,000 after buying an additional 18,008 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Carter’s by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 864,732 shares of the textile maker’s stock worth $59,796,000 after acquiring an additional 19,495 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Carter’s by 59.3% during the 4th quarter. Pacer Advisors Inc. now owns 632,671 shares of the textile maker’s stock worth $47,381,000 after acquiring an additional 235,431 shares in 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.