Carter’s, Inc. (CRI) – What Are Investment Firms Saying About This Stock?

Shares of Carter’s, Inc. (NYSE:CRI) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $39.38.

Several equities analysts recently issued reports on CRI shares. Capital One Financial set a $40.00 price target on Carter’s in a report on Tuesday, September 8th. Wells Fargo & Company dropped their price objective on Carter’s from $42.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, October 12th. Citigroup reissued a “buy” rating on shares of Carter’s in a report on Tuesday, July 21st. Zacks Research upgraded shares of Carter’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Finally, Weiss Ratings upgraded shares of Carter’s from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, August 13th.

Carter’s Stock Down 3.7%

Shares of CRI opened at $31.43 on Tuesday. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 5.89, a PEG ratio of 3.54 and a beta of 0.84. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 2.47. The business’s fifty day moving average price is $33.08 and its two-hundred day moving average price is $36.47. Carter’s has a 52 week low of $27.86 and a 52 week high of $44.44.

Carter’s (NYSE:CRI) last released its earnings results on Friday, July 31st. The textile maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.06 by $0.20. The company had revenue of $615.49 million during the quarter, compared to analysts’ expectations of $605.68 million. Carter’s had a return on equity of 12.78% and a net margin of 6.55%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period last year, the firm earned $0.17 EPS. On average, analysts predict that Carter’s will post 3.28 earnings per share for the current year.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.00 annualized dividend and a dividend yield of 3.2%. Carter’s’s payout ratio is currently 18.73%.

Hedge Funds Weigh In On Carter’s

Large investors have recently bought and sold shares of the business. IFP Advisors Inc boosted its stake in Carter’s by 16,840.0% in the third quarter. IFP Advisors Inc now owns 847 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 842 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in Carter’s by 3,889.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,117 shares of the textile maker’s stock worth $35,000 after acquiring an additional 1,089 shares during the period. Nykredit A S acquired a new stake in Carter’s during the 2nd quarter worth $72,000. Public Employees Retirement System of Ohio bought a new stake in shares of Carter’s during the 1st quarter valued at $119,000. Finally, Versant Capital Management Inc raised its position in shares of Carter’s by 39.4% during the 3rd quarter. Versant Capital Management Inc now owns 3,711 shares of the textile maker’s stock valued at $116,000 after acquiring an additional 1,049 shares during the last quarter.

About Carter’s

Carter’s, Inc (NYSE:CRI) is a designer, marketer and retailer of apparel and related products for babies and young children. The company’s offerings include bodysuits, sleepwear, playwear, outerwear, footwear, accessories, gifts, bedding and other products for infants, toddlers and young children.

Carter’s markets products primarily under the Carter’s and OshKosh B’gosh brands, as well as Skip Hop, which offers baby and children’s gear, accessories and related products. The company sells through its own retail stores and websites, wholesale partners, department stores, mass merchants and other retailers.

The company traces its history to 1865, when it was established as the William Carter Company.