Wells Fargo & Company Issues Pessimistic Forecast for Carter's (NYSE:CRI) Stock Price

Carter's (NYSE:CRI - Free Report) had its price objective decreased by Wells Fargo & Company from $65.00 to $48.00 in a research report report published on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the textile maker's stock.

Separately, Citigroup raised shares of Carter's from a "sell" rating to a "neutral" rating and set a $50.00 price objective for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat.com, Carter's currently has a consensus rating of "Hold" and a consensus target price of $49.00.

Carter's Stock Performance

Shares of CRI stock traded down $0.85 during midday trading on Wednesday, hitting $41.30. The company had a trading volume of 1,682,648 shares, compared to its average volume of 1,127,734. The company's 50 day simple moving average is $52.30 and its 200 day simple moving average is $58.00. Carter's has a 52-week low of $40.76 and a 52-week high of $88.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The stock 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.

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Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $0.52. The firm had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. Carter's's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.76 earnings per share. Research analysts anticipate that Carter's will post 5.15 earnings per share for the current fiscal year.

Carter's Announces Dividend

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

Institutional Investors Weigh In On Carter's

Several large investors have recently modified their holdings of CRI. Dynamic Technology Lab Private Ltd acquired a new position in Carter's during the 3rd quarter worth $683,000. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Carter's by 79.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker's stock worth $9,913,000 after buying an additional 67,460 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in Carter's by 48.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker's stock valued at $5,292,000 after buying an additional 26,650 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Carter's by 40.5% during the 4th quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker's stock worth $32,040,000 after purchasing an additional 170,528 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Carter's by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker's stock valued at $76,144,000 after purchasing an additional 42,589 shares during the period.

Carter's Company Profile

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.