Carter’s, Inc. (NYSE:CRI) Short Interest Down 14.0% in November

Carter’s, Inc. (NYSE:CRI) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 4,430,000 shares, a drop of 14.0% from the October 31st total of 5,150,000 shares. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 12.7% of the shares of the company are sold short.

Carter’s Stock Down 0.8 %

NYSE CRI opened at $54.57 on Friday. Carter’s has a twelve month low of $50.27 and a twelve month high of $88.03. The stock has a market cap of $1.97 billion, a PE ratio of 8.66, a PEG ratio of 3.31 and a beta of 1.24. The firm has a 50-day simple moving average of $59.15 and a 200 day simple moving average of $62.80. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Monday, November 25th. Carter’s’s payout ratio is presently 50.79%.

Institutional Trading of Carter’s

Institutional investors and hedge funds have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Carter’s by 35.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock worth $3,619,000 after buying an additional 11,265 shares in the last quarter. Tidal Investments LLC increased its stake in Carter’s by 3.8% in the first quarter. Tidal Investments LLC now owns 16,884 shares of the textile maker’s stock valued at $1,430,000 after acquiring an additional 615 shares during the period. Comerica Bank raised its position in Carter’s by 4.8% in the first quarter. Comerica Bank now owns 37,267 shares of the textile maker’s stock worth $3,156,000 after purchasing an additional 1,702 shares in the last quarter. Swedbank AB acquired a new position in Carter’s in the first quarter worth about $547,000. Finally, Harbor Capital Advisors Inc. lifted its stake in Carter’s by 345.8% during the second quarter. Harbor Capital Advisors Inc. now owns 54,785 shares of the textile maker’s stock worth $3,395,000 after purchasing an additional 42,495 shares during the period.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRI. Wells Fargo & Company cut their target price on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Carter’s presently has an average rating of “Hold” and an average price target of $67.67.

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.