Carter’s (NYSE:CRI) Upgraded to Neutral at Citigroup

Citigroup upgraded shares of Carter’s (NYSE:CRI) from a sell rating to a neutral rating in a report published on Tuesday, MarketBeat.com reports. Citigroup currently has $50.00 price target on the textile maker’s stock.

A number of other research analysts also recently issued reports on CRI. Wells Fargo & Company decreased their price target on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Bank of America lowered their target price on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $67.67.

Carter’s Trading Down 0.9 %

NYSE:CRI opened at $52.80 on Tuesday. Carter’s has a 12-month low of $50.27 and a 12-month high of $88.03. The firm has a market cap of $1.90 billion, a PE ratio of 8.38, a price-to-earnings-growth ratio of 3.29 and a beta of 1.24. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average price of $62.33 and a 200 day moving average price of $63.90.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.06%. The ex-dividend date is Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is currently 50.79%.

Hedge Funds Weigh In On Carter’s

Hedge funds have recently modified their holdings of the business. Wellington Management Group LLP grew its position in Carter’s by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker’s stock worth $100,422,000 after purchasing an additional 60,089 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Carter’s by 44.4% during the second quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock worth $74,928,000 after buying an additional 371,681 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Carter’s by 3.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock worth $76,144,000 after buying an additional 42,589 shares during the last quarter. Dimensional Fund Advisors LP increased 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 acquiring an additional 112,947 shares during the period. Finally, American Century Companies Inc. raised 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 acquiring an additional 170,960 shares during the last quarter.

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.