Carter's, Inc. (NYSE:CRI) Given Consensus Rating of "Reduce" by Analysts

Shares of Carter's, Inc. (NYSE:CRI - Get Free Report) have received an average recommendation of "Reduce" from the seven ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $67.67.

CRI has been the subject of several research analyst reports. 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 research report on Tuesday, November 12th. Wells Fargo & Company dropped 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 Trading of Carter's

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in Carter's by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker's stock valued at $26,000 after acquiring an additional 214 shares in the last quarter. Covestor Ltd boosted its stake 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 during the period. Abich Financial Wealth Management LLC grew its holdings in Carter's by 67.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker's stock valued at $53,000 after purchasing an additional 346 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in Carter's by 1.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker's stock valued at $1,890,000 after purchasing an additional 383 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in 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 period.

Carter's Trading Down 0.8 %

Shares of NYSE CRI traded down $0.44 on Friday, reaching $54.57. 484,978 shares of the company traded hands, compared to its average volume of 1,197,268. The stock has a market capitalization of $1.97 billion, a PE ratio of 8.66, a P/E/G ratio of 3.28 and a beta of 1.24. Carter's has a fifty-two week low of $50.27 and a fifty-two week 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. The company has a 50 day moving average of $59.15 and a 200 day moving average of $62.75.

Carter's Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be issued a dividend of $0.80 per share. The ex-dividend date is Monday, November 25th. This represents a $3.20 annualized dividend and a dividend yield of 5.86%. Carter's's payout ratio is 50.79%.

Carter's Company Profile

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.