Carter’s, Inc. (CRI) – What Are Brokerages Saying About This Stock?

Shares of Carter’s, Inc. (NYSE:CRI) have earned an average rating of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $39.00.

CRI has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on Carter’s from $42.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th. UBS Group dropped their price target on Carter’s from $41.00 to $38.00 and set a “neutral” rating on the stock in a research report on Monday. BMO Capital Markets started coverage on Carter’s in a research note on Tuesday, September 8th. They issued an “outperform” rating and a $40.00 price objective for the company. Weiss Ratings raised Carter’s from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Finally, Capital One Financial set a $40.00 price objective on Carter’s in a research report on Tuesday, September 8th.

Institutional Trading of Carter’s

Several institutional investors have recently made changes to their positions in CRI. IFP Advisors Inc increased its stake in Carter’s by 16,840.0% in the 3rd quarter. IFP Advisors Inc now owns 847 shares of the textile maker’s stock valued at $27,000 after buying an additional 842 shares during the period. Elevation Wealth Partners LLC boosted its stake in shares of Carter’s by 3,889.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,117 shares of the textile maker’s stock valued at $35,000 after buying an additional 1,089 shares during the period. Nykredit A S acquired a new stake in shares of Carter’s during the 2nd quarter valued at $72,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Carter’s during the 1st quarter valued at $119,000. Finally, Versant Capital Management Inc grew its holdings in shares of Carter’s by 39.4% during the 3rd quarter. Versant Capital Management Inc now owns 3,711 shares of the textile maker’s stock valued at $116,000 after acquiring an additional 1,049 shares in the last quarter.

Carter’s Trading Up 4.2%

Carter’s stock opened at $32.78 on Tuesday. The company has a 50 day moving average price of $32.93 and a 200 day moving average price of $36.46. Carter’s has a 52 week low of $27.86 and a 52 week high of $44.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 2.47. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 6.14, a P/E/G ratio of 3.54 and a beta of 0.84.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Friday, July 31st. The textile maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.20. Carter’s had a net margin of 6.55% and a return on equity of 12.78%. The firm had revenue of $615.49 million for the quarter, compared to analysts’ expectations of $605.68 million. During the same period in the previous year, the company posted $0.17 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. Research analysts forecast that Carter’s will post 3.28 EPS for the current year.

Carter’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st were issued a $0.25 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. Carter’s’s dividend payout ratio is currently 18.73%.

About Carter’s

Carter’s, Inc (NYSE:CRI) is a designer, marketer and retailer of apparel and related products for babies and young children. The company’s offerings include bodysuits, sleepwear, playwear, outerwear, footwear, accessories, gifts, bedding and other products for infants, toddlers and young children.

Carter’s markets products primarily under the Carter’s and OshKosh B’gosh brands, as well as Skip Hop, which offers baby and children’s gear, accessories and related products. The company sells through its own retail stores and websites, wholesale partners, department stores, mass merchants and other retailers.

The company traces its history to 1865, when it was established as the William Carter Company.