Carter’s, Inc. (NYSE:CRI) Given Consensus Recommendation of “Reduce” by Brokerages

Carter’s, Inc. (NYSE:CRI) has earned a consensus recommendation of “Reduce” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $67.67.

CRI has been the subject of several recent research reports. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a research report on Tuesday, November 12th. Wells Fargo & Company decreased their price objective on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 28th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in Carter’s by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 214 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Carter’s by 15.3% in the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock valued at $132,000 after purchasing an additional 270 shares in the last quarter. Abich Financial Wealth Management LLC boosted its position in shares of Carter’s by 67.6% during the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock valued at $53,000 after buying an additional 346 shares during the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Carter’s by 1.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker’s stock worth $1,890,000 after buying an additional 383 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Carter’s by 2.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock valued at $1,147,000 after buying an additional 396 shares during the last quarter.

Carter’s Stock Performance

Shares of CRI stock opened at $52.78 on Thursday. The business’s 50-day moving average price is $55.45 and its 200-day moving average price is $61.09. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 3.28 and a beta of 1.23. Carter’s has a 12 month low of $50.27 and a 12 month high of $88.03. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

Carter’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a dividend of $0.80 per share. The ex-dividend date was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a yield of 6.06%. Carter’s’s dividend payout ratio (DPR) is currently 50.79%.

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.