Carter's, Inc. (NYSE:CRI) has received an average recommendation of “Buy” from the sixteen research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $119.58.
CRI has been the subject of several analyst reports. Cowen set a $105.00 price target on shares of Carter's and gave the stock a “hold” rating in a report on Thursday, November 16th. B. Riley increased their target price on shares of Carter's from $111.00 to $124.00 and gave the company a “buy” rating in a report on Monday, December 18th. Oppenheimer increased their target price on shares of Carter's from $112.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, December 18th. SunTrust Banks assumed coverage on shares of Carter's in a report on Thursday, December 21st. They issued a “hold” rating and a $126.00 target price for the company. Finally, Zacks Investment Research raised shares of Carter's from a “hold” rating to a “buy” rating and set a $129.00 target price for the company in a report on Tuesday, December 26th.
Carter's (CRI) traded down $0.22 during midday trading on Friday, reaching $111.56. 546,897 shares of the company traded hands, compared to its average volume of 732,382. The stock has a market capitalization of $5,265.75, a PE ratio of 17.61, a P/E/G ratio of 1.73 and a beta of 0.35. Carter's has a 52-week low of $79.76 and a 52-week high of $129.00. The company has a quick ratio of 1.43, a current ratio of 3.10 and a debt-to-equity ratio of 0.72.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Monday, March 12th will be given a $0.45 dividend. The ex-dividend date is Friday, March 9th. This is a positive change from Carter's’s previous quarterly dividend of $0.37. This represents a $1.80 annualized dividend and a dividend yield of 1.61%. Carter's’s dividend payout ratio is currently 28.66%.
Carter's announced that its board has approved a stock repurchase plan on Tuesday, February 27th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the textile maker to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.
In other news, EVP Greg Foglesong sold 6,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $117.98, for a total value of $707,880.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brian Lynch sold 26,500 shares of the stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $116.12, for a total transaction of $3,077,180.00. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in shares of Carter's in the fourth quarter valued at approximately $128,000. Invictus RG acquired a new stake in shares of Carter's in the third quarter valued at approximately $146,000. Foundry Partners LLC acquired a new stake in shares of Carter's in the fourth quarter valued at approximately $200,000. Cigna Investments Inc. New acquired a new stake in shares of Carter's in the fourth quarter valued at approximately $206,000. Finally, HL Financial Services LLC acquired a new stake in shares of Carter's in the fourth quarter valued at approximately $210,000. Institutional investors and hedge funds own 97.47% of the company’s stock.
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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