Analysts Set Carter’s, Inc. (NYSE:CRI) PT at $71.17

Shares of Carter’s, Inc. (NYSE:CRI) have earned an average rating of “Reduce” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $71.17.

CRI has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their target price on shares of Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th. Bank of America dropped their target price on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research report on Monday, July 29th.

Institutional Trading of Carter’s

Several hedge funds have recently made changes to their positions in CRI. Wasatch Advisors LP purchased a new position in Carter’s during the 1st quarter valued at about $45,011,000. Norges Bank purchased a new stake in shares of Carter’s during the fourth quarter worth about $31,193,000. RWWM Inc. purchased a new stake in shares of Carter’s during the second quarter worth about $23,675,000. Pacer Advisors Inc. grew its holdings in shares of Carter’s by 44.4% during the second quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock worth $74,928,000 after buying an additional 371,681 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Carter’s by 50.7% in the second quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock valued at $34,212,000 after purchasing an additional 186,894 shares during the period.

Carter’s Price Performance

Carter’s stock opened at $66.31 on Tuesday. The firm has a market cap of $2.42 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 4.35 and a beta of 1.23. Carter’s has a 52-week low of $54.74 and a 52-week high of $88.03. The company has a quick ratio of 0.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $64.58 and its two-hundred day moving average is $68.74.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Friday, July 26th. The textile maker reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.31. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. The company had revenue of $564.43 million for the quarter, compared to the consensus estimate of $566.79 million. On average, research analysts expect that Carter’s will post 4.9 EPS for the current fiscal year.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.83%. The ex-dividend date was Tuesday, August 27th. Carter’s’s dividend payout ratio (DPR) is presently 50.47%.

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.