Carter's, Inc. (NYSE:CRI) Receives $73.80 Average PT from Analysts

Shares of Carter's, Inc. (NYSE:CRI - Get Free Report) have received a consensus rating of "Reduce" from the six research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $73.80.

A number of equities analysts recently commented on the company. Wells Fargo & Company cut their price objective on Carter's from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 24th. StockNews.com cut shares of Carter's from a "buy" rating to a "hold" rating in a research report on Wednesday, April 10th. Finally, Citigroup dropped their target price on shares of Carter's from $66.00 to $64.00 and set a "sell" rating on the stock in a report on Thursday, April 18th.

Institutional Trading of Carter's

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRI. Ables Iannone Moore & Associates Inc. acquired a new stake in Carter's in the fourth quarter valued at approximately $37,000. Blue Trust Inc. grew its position in Carter's by 28.6% in the 4th quarter. Blue Trust Inc. now owns 630 shares of the textile maker's stock valued at $44,000 after purchasing an additional 140 shares during the period. Parallel Advisors LLC grew its position in Carter's by 457.2% in the 4th quarter. Parallel Advisors LLC now owns 808 shares of the textile maker's stock valued at $61,000 after purchasing an additional 663 shares during the period. LRI Investments LLC bought a new stake in Carter's during the 1st quarter valued at $77,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Carter's during the first quarter worth $121,000.

Carter's Trading Down 0.1 %

Shares of NYSE:CRI traded down $0.08 during midday trading on Friday, hitting $61.97. 1,191,273 shares of the stock were exchanged, compared to its average volume of 820,128. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 2.43. Carter's has a 12 month low of $61.23 and a 12 month high of $88.03. The business's 50-day moving average price is $67.42 and its 200 day moving average price is $74.35. The stock has a market capitalization of $2.26 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 3.04 and a beta of 1.27.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings data on Friday, April 26th. The textile maker reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.33. The company had revenue of $661.49 million for the quarter, compared to analysts' expectations of $633.05 million. Carter's had a net margin of 8.06% and a return on equity of 28.55%. Analysts predict that Carter's will post 6.3 earnings per share for the current year.

Carter's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date was Friday, May 24th. Carter's's payout ratio is 50.47%.

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.