Brokerages Set Carter’s, Inc. (NYSE:CRI) PT at $67.67

Carter’s, Inc. (NYSE:CRI) has been assigned an average rating of “Reduce” from the seven research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $67.67.

A number of brokerages have recently weighed in on CRI. Wells Fargo & Company cut their price objective on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a research note on Tuesday, November 12th.

Carter’s Stock Down 1.0 %

Carter’s stock opened at $56.28 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 3.42 and a beta of 1.23. Carter’s has a 1-year low of $50.27 and a 1-year high of $88.03. The business has a fifty day moving average price of $58.96 and a 200-day moving average price of $62.61.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be issued a $0.80 dividend. The ex-dividend date is Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a yield of 5.69%. Carter’s’s payout ratio is 50.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Carter’s by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 214 shares during the period. Capital Performance Advisors LLP acquired a new position in Carter’s during the third quarter worth about $28,000. Gladius Capital Management LP acquired a new position in Carter’s during the second quarter worth about $30,000. CWM LLC boosted its position in Carter’s by 431.3% during the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after acquiring an additional 483 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in Carter’s by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after acquiring an additional 500 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.