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

Shares of Carter’s, Inc. (NYSE:CRI) have earned an average rating of “Reduce” from the seven analysts that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $71.17.

CRI has been the subject of several recent research reports. Bank of America decreased their price target on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company raised their price target on shares of Carter’s from $60.00 to $72.00 and gave the stock an “equal weight” rating in a report on Monday, September 9th.

Carter’s Stock Performance

NYSE:CRI opened at $70.08 on Tuesday. The stock has a 50 day simple moving average of $63.87 and a 200 day simple moving average of $69.21. The stock has a market cap of $2.53 billion, a P/E ratio of 11.05, a PEG ratio of 4.35 and a beta of 1.23. Carter’s has a 1-year low of $54.74 and a 1-year high of $88.03. The company has a current ratio of 2.09, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Friday, July 26th. The textile maker reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.31. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. The business had revenue of $564.43 million for the quarter, compared to analyst estimates of $566.79 million. Research analysts anticipate that Carter’s will post 4.9 earnings per share for the current year.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, August 27th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.57%. Carter’s’s payout ratio is presently 50.47%.

Hedge Funds Weigh In On Carter’s

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in Carter’s by 44.4% in the second quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock worth $74,928,000 after acquiring an additional 371,681 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Carter’s by 11.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock valued at $65,868,000 after purchasing an additional 112,947 shares during the period. American Century Companies Inc. increased its stake in Carter’s by 29.2% during the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock valued at $46,918,000 after purchasing an additional 170,960 shares in the last quarter. AQR Capital Management LLC raised its holdings in Carter’s by 50.7% during the second quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock worth $34,212,000 after buying an additional 186,894 shares during the last quarter. Finally, Wasatch Advisors LP bought a new position in shares of Carter’s in the first quarter valued at $45,011,000.

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.