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

Carter’s, Inc. (NYSE:CRI) has been assigned a consensus rating of “Reduce” from the seven research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $67.67.

Several research analysts have commented on the stock. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Tuesday, November 12th. Wells Fargo & Company lowered their target price on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th.

Hedge Funds Weigh In On Carter’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in Carter’s by 109.8% in the 3rd quarter. Franklin Resources Inc. now owns 38,617 shares of the textile maker’s stock valued at $2,468,000 after acquiring an additional 20,210 shares during the last quarter. Virtu Financial LLC acquired a new stake in Carter’s during the third quarter valued at approximately $692,000. Barclays PLC boosted its holdings in Carter’s by 58.7% during the third quarter. Barclays PLC now owns 20,077 shares of the textile maker’s stock worth $1,304,000 after buying an additional 7,429 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Carter’s by 2.3% in the third quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock worth $1,147,000 after buying an additional 396 shares during the last quarter. Finally, Dean Investment Associates LLC increased its holdings in shares of Carter’s by 116.5% in the third quarter. Dean Investment Associates LLC now owns 62,182 shares of the textile maker’s stock valued at $4,041,000 after buying an additional 33,457 shares in the last quarter.

Carter’s Trading Down 2.6 %

Shares of CRI stock opened at $54.43 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter’s has a 1-year low of $50.27 and a 1-year high of $88.03. The firm’s 50-day simple moving average is $55.45 and its 200-day simple moving average is $61.12. The firm has a market cap of $1.96 billion, a P/E ratio of 8.64, a PEG ratio of 3.28 and a beta of 1.23.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a dividend of $0.80 per share. The ex-dividend date was Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 5.88%. Carter’s’s payout ratio is 50.79%.

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.