Carter’s, Inc. (NYSE:CRI) Given Average Rating of “Reduce” by Analysts

Shares of Carter’s, Inc. (NYSE:CRI) have earned an average recommendation of “Reduce” from the six research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $29.50.

CRI has been the subject of a number of research analyst reports. UBS Group lifted their price target on shares of Carter’s from $26.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wells Fargo & Company lifted their price target on shares of Carter’s from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Tuesday. Zacks Research upgraded shares of Carter’s from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Barclays lifted their price target on shares of Carter’s from $23.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday. Finally, Citigroup upped their price target on Carter’s from $28.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday.

Institutional Trading of Carter’s

Institutional investors have recently added to or reduced their stakes in the business. FORA Capital LLC bought a new stake in Carter’s during the first quarter valued at $718,000. GAMMA Investing LLC increased its stake in Carter’s by 38.2% during the first quarter. GAMMA Investing LLC now owns 2,004 shares of the textile maker’s stock valued at $82,000 after purchasing an additional 554 shares during the last quarter. Capital Fund Management S.A. increased its stake in Carter’s by 473.8% during the first quarter. Capital Fund Management S.A. now owns 132,134 shares of the textile maker’s stock valued at $5,404,000 after purchasing an additional 109,106 shares during the last quarter. Aigen Investment Management LP bought a new stake in Carter’s during the first quarter valued at $1,526,000. Finally, Jefferies Financial Group Inc. bought a new stake in Carter’s during the first quarter valued at $1,199,000.

Carter’s Trading Down 2.0%

CRI opened at $31.40 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 2.26 and a debt-to-equity ratio of 0.58. The firm’s 50 day moving average is $29.80 and its 200-day moving average is $30.67. The firm has a market capitalization of $1.14 billion, a P/E ratio of 12.71 and a beta of 1.07. Carter’s has a 52-week low of $23.38 and a 52-week high of $58.13.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Monday, October 27th. The textile maker reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). The company had revenue of $757.84 million during the quarter, compared to the consensus estimate of $760.11 million. Carter’s had a return on equity of 16.71% and a net margin of 3.15%.The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $1.64 EPS. Analysts expect that Carter’s will post 5.15 EPS for the current fiscal year.

Carter’s Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, August 26th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, August 26th. This represents a $1.00 annualized dividend and a yield of 3.2%. Carter’s’s payout ratio is presently 40.49%.

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.