Carter’s, Inc. (NYSE:CRI) Receives $73.80 Average PT from Analysts

Shares of Carter’s, Inc. (NYSE:CRI) have been given a consensus rating of “Reduce” by the six research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $73.80.

Several research analysts recently weighed in on the stock. Wedbush lifted their price objective on shares of Carter’s from $67.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. Citigroup reduced their price objective on Carter’s from $66.00 to $64.00 and set a “sell” rating for the company in a report on Thursday, April 18th. Wells Fargo & Company lowered 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 report on Wednesday, April 24th. Monness Crespi & Hardt lowered Carter’s from a “buy” rating to a “neutral” rating in a research note on Monday, February 26th. Finally, UBS Group boosted their target price on shares of Carter’s from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th.

Carter’s Stock Performance

NYSE CRI opened at $67.00 on Wednesday. Carter’s has a 52-week low of $62.28 and a 52-week high of $88.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.43 and a quick ratio of 1.30. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 3.29 and a beta of 1.27. The company’s fifty day moving average is $70.80 and its two-hundred day moving average is $74.94.

Carter’s (NYSE:CRI) last issued its earnings results on Friday, April 26th. The textile maker reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.33. The business had revenue of $661.49 million during the quarter, compared to analysts’ expectations of $633.05 million. Carter’s had a return on equity of 28.55% and a net margin of 8.06%. Equities research analysts forecast that Carter’s will post 6.3 EPS for the current year.

Carter’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend was Friday, May 24th. Carter’s’s dividend payout ratio (DPR) is presently 50.47%.

Institutional Investors Weigh In On Carter’s

Large investors have recently bought and sold shares of the stock. Ables Iannone Moore & Associates Inc. acquired a new stake in Carter’s in the fourth quarter valued at approximately $37,000. Blue Trust Inc. grew its position in Carter’s by 28.6% in the 4th quarter. Blue Trust Inc. now owns 630 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 140 shares during the period. Parallel Advisors LLC increased its stake in Carter’s by 457.2% during the 4th quarter. Parallel Advisors LLC now owns 808 shares of the textile maker’s stock valued at $61,000 after purchasing an additional 663 shares in the last quarter. LRI Investments LLC acquired a new position in Carter’s during the first quarter worth $77,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Carter’s in the first quarter valued at $121,000.

About Carter’s

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.