Brokerages Set Carter's, Inc. (NYSE:CRI) Target Price at $65.60

Carter's, Inc. (NYSE:CRI - Get Free Report) has been assigned an average rating of "Reduce" from the four research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $49.00.

CRI has been the subject of several recent analyst reports. Citigroup reduced their target price on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday. UBS Group cut their price objective on Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company reduced their target price on Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a report on Wednesday.

Institutional Investors Weigh In On Carter's

A number of large investors have recently added to or reduced their stakes in CRI. Capital Performance Advisors LLP acquired a new stake in shares of Carter's during the third quarter valued at $28,000. Jones Financial Companies Lllp increased its holdings in shares of Carter's by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after buying an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Carter's by 2,112.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock worth $29,000 after acquiring an additional 507 shares during the last quarter. Colonial Trust Co SC purchased a new position in Carter's in the fourth quarter valued at approximately $29,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Carter's by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker's stock valued at $47,000 after acquiring an additional 500 shares in the last quarter.

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Carter's Stock Performance

Shares of NYSE CRI traded down $0.85 during trading hours on Wednesday, reaching $41.30. The stock had a trading volume of 1,682,648 shares, compared to its average volume of 1,127,734. The firm has a 50-day moving average of $52.30 and a 200-day moving average of $58.00. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 3.37 and a beta of 1.21. 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 has a fifty-two week low of $40.76 and a fifty-two week high of $88.03.

Carter's (NYSE:CRI - Get Free Report) last announced its earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $0.52. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The business had revenue of $859.70 million during the quarter, compared to analysts' expectations of $835.82 million. During the same period in the prior year, the company earned $2.76 earnings per share. The business's revenue was up .2% compared to the same quarter last year. Equities research analysts predict that Carter's will post 5.15 earnings per share for the current year.

Carter's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a yield of 7.75%. Carter's's payout ratio is 62.62%.

About Carter's

Carter's, Inc engages in the business of brand marketing of young children's apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.