Carter’s, Inc. (NYSE:CRI – Get Free Report)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $50.27 and last traded at $50.48, with a volume of 47838 shares changing hands. The stock had previously closed at $51.73.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on CRI shares. Citigroup raised shares of 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. Wells Fargo & Company cut 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. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, Carter’s currently has an average rating of “Hold” and an average price target of $67.67.
Get Our Latest Research Report on Carter’s
Carter’s Trading Up 1.0 %
Carter’s Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s payout ratio is currently 50.79%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in CRI. GAMMA Investing LLC increased its holdings in Carter’s by 258.0% in the fourth quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock valued at $79,000 after buying an additional 1,045 shares in the last quarter. Franklin Resources Inc. raised its holdings in Carter’s by 109.8% during the third quarter. Franklin Resources Inc. now owns 38,617 shares of the textile maker’s stock worth $2,468,000 after purchasing an additional 20,210 shares during the last quarter. Virtu Financial LLC acquired a new stake in Carter’s in the third quarter valued at $692,000. Barclays PLC increased its position in shares of Carter’s by 58.7% in the third quarter. Barclays PLC now owns 20,077 shares of the textile maker’s stock valued at $1,304,000 after buying an additional 7,429 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Carter’s by 2.3% during the 3rd 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.
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.
Read More
- Five stocks we like better than Carter’s
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Driving Forward: Lucid’s Growing Sales and Gravity SUV’s Impact
- Comparing and Trading High PE Ratio Stocks
- Why Amazon’s Next Earnings Could Trigger a Stock Breakout
- Market Cap Calculator: How to Calculate Market Cap
- With This Kind of Data, The Fed Isn’t Cutting Rates This Year
Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.