Brokerages Set Carter's, Inc. (NYSE:CRI) Target Price at $67.67

Carter's, Inc. (NYSE:CRI - Get Free Report) has earned a consensus recommendation of "Reduce" from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $67.67.

Several research firms recently issued reports on CRI. Wells Fargo & Company decreased their price target on Carter's from $72.00 to $65.00 and set an "equal weight" rating on the stock 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 target price on the stock in a research note on Tuesday, November 12th.

Hedge Funds Weigh In On Carter's

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Carter's by 112.0% during the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker's stock worth $26,000 after acquiring an additional 214 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Carter's during the third quarter worth $28,000. Venturi Wealth Management LLC raised 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 worth $47,000 after acquiring an additional 500 shares during the period. Abich Financial Wealth Management LLC lifted its position in Carter's by 67.6% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker's stock valued at $53,000 after acquiring an additional 346 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in Carter's in the 3rd quarter worth $74,000.

Carter's Trading Up 0.6 %

NYSE:CRI traded up $0.35 during trading hours on Thursday, hitting $55.86. 689,925 shares of the stock were exchanged, compared to its average volume of 1,010,216. The company has a market capitalization of $2.01 billion, a P/E ratio of 8.87, a price-to-earnings-growth ratio of 3.28 and a beta of 1.23. 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 is $55.71 and its two-hundred day moving average is $61.24. Carter's has a twelve month low of $50.27 and a twelve month high of $88.03.

Carter's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date was Monday, November 25th. Carter's's dividend payout ratio 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.