Brokerages Set Carter’s, Inc. (NYSE:CRI) PT at $65.60

Shares of Carter’s, Inc. (NYSE:CRI) have been assigned an average recommendation of “Reduce” from the four research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $49.00.

CRI has been the topic of a number of recent analyst reports. Citigroup dropped their price target on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday. UBS Group decreased their price target on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company decreased their price target on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research note on Wednesday.

Carter’s Price Performance

CRI stock opened at $41.30 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter’s has a 12 month low of $40.76 and a 12 month high of $88.03. The firm has a market cap of $1.49 billion, a P/E ratio of 6.56, a P/E/G ratio of 3.37 and a beta of 1.21. The company’s 50-day moving average price is $52.30 and its two-hundred day moving average price is $58.00.

Carter’s (NYSE:CRI) last released its earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, beating the consensus estimate of $1.87 by $0.52. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The firm had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. During the same period last year, the firm earned $2.76 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts anticipate that Carter’s will post 5.15 earnings per share for the current fiscal year.

Carter’s Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date of this dividend is Monday, March 10th. Carter’s’s dividend payout ratio is 62.62%.

Hedge Funds Weigh In On Carter’s

Hedge funds have recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in Carter’s by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after acquiring an additional 270 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Carter’s during the third quarter valued at about $28,000. EverSource Wealth Advisors LLC grew its position in Carter’s by 2,112.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock valued at $29,000 after buying an additional 507 shares during the period. Colonial Trust Co SC bought a new position in Carter’s during the fourth quarter valued at about $29,000. Finally, Venturi Wealth Management LLC grew 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 valued at $47,000 after buying an additional 500 shares during the period.

Carter’s Company Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.