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

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

Several research analysts have recently commented on the company. StockNews.com downgraded Carter’s from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Citigroup reduced their price target on Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a report on Thursday, April 18th. Finally, Wells Fargo & Company cut their price objective on 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.

Carter’s Price Performance

NYSE:CRI opened at $61.97 on Friday. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 3.05 and a beta of 1.27. Carter’s has a 52-week low of $61.23 and a 52-week high of $88.03. The stock has a fifty day moving average of $67.42 and a 200 day moving average of $74.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 2.43.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Friday, April 26th. The textile maker reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.33. The company had revenue of $661.49 million during the quarter, compared to analyst estimates of $633.05 million. Carter’s had a return on equity of 28.55% and a net margin of 8.06%. On average, research analysts expect that Carter’s will post 6.3 EPS for the current fiscal year.

Carter’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were given a $0.80 dividend. The ex-dividend date was Friday, May 24th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.16%. Carter’s’s dividend payout ratio is currently 50.47%.

Institutional Trading of Carter’s

A number of hedge funds have recently made changes to their positions in CRI. Blue Trust Inc. raised its holdings in Carter’s by 28.6% in the 4th quarter. Blue Trust Inc. now owns 630 shares of the textile maker’s stock worth $44,000 after acquiring an additional 140 shares during the last quarter. State of Michigan Retirement System raised its stake in Carter’s by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 9,029 shares of the textile maker’s stock valued at $765,000 after buying an additional 200 shares during the last quarter. Qsemble Capital Management LP raised its stake in Carter’s by 2.2% during the 4th quarter. Qsemble Capital Management LP now owns 9,814 shares of the textile maker’s stock valued at $735,000 after buying an additional 214 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Carter’s by 2.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the textile maker’s stock valued at $898,000 after buying an additional 300 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in Carter’s by 2.3% during the 1st quarter. Quantbot Technologies LP now owns 13,178 shares of the textile maker’s stock valued at $1,116,000 after buying an additional 302 shares during the last quarter.

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.