Carter's, Inc. (NYSE:CRI) Short Interest Update

Carter's, Inc. (NYSE:CRI - Get Free Report) saw a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 4,430,000 shares, a decline of 14.0% from the October 31st total of 5,150,000 shares. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is currently 3.6 days. Currently, 12.7% of the company's shares are short sold.

Institutional Investors Weigh In On Carter's

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted 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 worth $26,000 after purchasing an additional 214 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Carter's in the third quarter worth approximately $28,000. Gladius Capital Management LP bought a new stake in Carter's during the second quarter valued at approximately $30,000. CWM LLC increased its holdings in Carter's by 431.3% during the second quarter. CWM LLC now owns 595 shares of the textile maker's stock valued at $37,000 after buying an additional 483 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Carter's by 221.2% in 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.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on Carter's from $72.00 to $65.00 and set an "equal weight" rating on the stock in a research report 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 on the stock in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat, Carter's currently has an average rating of "Hold" and a consensus target price of $67.67.

Carter's Stock Down 0.8 %

CRI stock traded down $0.44 during midday trading on Friday, hitting $54.57. The company's stock had a trading volume of 484,978 shares, compared to its average volume of 1,197,268. The company has a market cap of $1.97 billion, a PE ratio of 8.66, a P/E/G ratio of 3.28 and a beta of 1.24. The firm's 50-day moving average is $59.15 and its 200-day moving average is $62.75. Carter's has a 12 month low of $50.27 and a 12 month 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.

Carter's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.86%. 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.