Carter's, Inc. (NYSE:CRI) Receives $67.67 Average Price Target from Analysts

Shares of Carter's, Inc. (NYSE:CRI - Get Free Report) have been assigned a consensus rating of "Reduce" from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $67.67.

A number of brokerages recently commented on CRI. Wells Fargo & Company lowered their price objective on Carter's from $72.00 to $65.00 and set an "equal weight" rating for the company in a research note on Monday, October 28th. 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.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRI. GAMMA Investing LLC boosted its position in shares of Carter's by 112.0% in 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 period. Capital Performance Advisors LLP acquired a new stake in shares of Carter's in the third quarter worth $28,000. Venturi Wealth Management LLC grew its holdings in shares of Carter's by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker's stock valued at $47,000 after buying an additional 500 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in 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 period. Finally, Truvestments Capital LLC purchased a new stake in Carter's in the 3rd quarter worth about $74,000.

Carter's Price Performance

CRI opened at $53.47 on Monday. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The company's 50-day moving average price is $54.18 and its 200 day moving average price is $60.01. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 3.36 and a beta of 1.22. Carter's has a fifty-two week low of $50.25 and a fifty-two week high of $88.03.

Carter's Announces Dividend

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