Carter’s, Inc. (NYSE:CRI) Receives $70.00 Average Target Price from Brokerages

Shares of Carter’s, Inc. (NYSE:CRI) have been given an average recommendation of “Reduce” by the seven research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $70.00.

Several equities analysts have issued reports on CRI shares. Bank of America decreased their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research report on Monday, July 29th. Wells Fargo & Company reduced their price objective on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th.

Carter’s Trading Down 3.7 %

Shares of CRI stock opened at $50.33 on Wednesday. Carter’s has a fifty-two week low of $50.27 and a fifty-two week high of $88.03. The stock’s fifty day moving average price is $63.72 and its two-hundred day moving average price is $64.55. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The company has a market cap of $1.81 billion, a PE ratio of 7.99, a P/E/G ratio of 3.29 and a beta of 1.24.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 6.36%. The ex-dividend date was Tuesday, August 27th. Carter’s’s dividend payout ratio (DPR) is presently 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 increased its holdings in Carter’s by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after purchasing an additional 214 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Carter’s in the third quarter valued at approximately $28,000. Gladius Capital Management LP bought a new stake in Carter’s during the second quarter worth $30,000. CWM LLC boosted its position in Carter’s by 431.3% in the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after purchasing an additional 483 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after purchasing an additional 500 shares during the last quarter.

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.