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

Shares of Carter’s, Inc. (NYSE:CRI) have been assigned an average rating of “Reduce” from the seven research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $67.67.

A number of research firms have recently commented on CRI. Wells Fargo & Company reduced their price objective on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a report on Tuesday, November 12th.

Institutional Investors Weigh In On Carter’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRI. Envestnet Asset Management Inc. increased its position in Carter’s by 1.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 97,122 shares of the textile maker’s stock valued at $6,019,000 after acquiring an additional 1,695 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Carter’s by 11.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock valued at $65,868,000 after acquiring an additional 112,947 shares in the last quarter. Hsbc Holdings PLC increased its position in Carter’s by 28.3% in the 2nd quarter. Hsbc Holdings PLC now owns 6,619 shares of the textile maker’s stock valued at $410,000 after acquiring an additional 1,458 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Carter’s by 19,200.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 19,300 shares of the textile maker’s stock valued at $1,196,000 after acquiring an additional 19,200 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in Carter’s by 44.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock valued at $74,928,000 after acquiring an additional 371,681 shares in the last quarter.

Carter’s Price Performance

NYSE:CRI opened at $53.47 on Monday. The company has a 50-day moving average of $54.18 and a 200-day moving average of $60.01. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 3.36 and a beta of 1.22. Carter’s has a 52 week low of $50.25 and a 52 week high of $88.03. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 5.99%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s payout ratio is presently 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.