Carter's (NYSE:CRI) Upgraded by Citigroup to Neutral Rating

Citigroup upgraded shares of Carter's (NYSE:CRI - Free Report) from a sell rating to a neutral rating in a research note published on Tuesday morning, MarketBeat reports. They currently have $50.00 price target on the textile maker's stock.

Other equities research analysts have also issued research reports about the company. Bank of America reduced their price target on Carter's from $65.00 to $54.00 and set an "underperform" rating on the stock in a research report on Monday, July 29th. Wells Fargo & Company cut 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. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $67.67.

Carter's Stock Performance

Shares of NYSE CRI traded down $0.17 during midday trading on Tuesday, hitting $52.51. 961,525 shares of the company's stock were exchanged, compared to its average volume of 970,197. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter's has a 12 month low of $50.27 and a 12 month high of $88.03. The company's 50 day moving average price is $63.46 and its 200 day moving average price is $64.30. The firm has a market capitalization of $1.89 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 3.08 and a beta of 1.24.

Carter's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.20 annualized dividend and a yield of 6.09%. Carter's's dividend payout ratio is currently 50.79%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Cerity Partners LLC grew its stake in Carter's by 50.7% during the 3rd quarter. Cerity Partners LLC now owns 17,941 shares of the textile maker's stock worth $1,166,000 after buying an additional 6,038 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 worth $76,144,000 after purchasing an additional 42,589 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Carter's during the 3rd quarter valued at about $4,391,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Carter's during the 3rd quarter valued at approximately $1,046,000. Finally, Caprock Group LLC boosted its stake in Carter's by 42.2% during the 3rd quarter. Caprock Group LLC now owns 8,222 shares of the textile maker's stock valued at $534,000 after purchasing an additional 2,442 shares during the period.

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.