Analysts Set Carter’s, Inc. (NYSE:CRI) PT at $67.67

Carter’s, Inc. (NYSE:CRI) has received an average recommendation of “Reduce” from the seven brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $67.67.

A number of research analysts have recently weighed in on CRI shares. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research report on Tuesday, November 12th. Wells Fargo & Company decreased their price target on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 214 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Carter’s during the 3rd quarter valued at $28,000. Venturi Wealth Management LLC grew its position in shares of Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after buying an additional 500 shares in the last quarter. Abich Financial Wealth Management LLC grew its position in shares of Carter’s by 67.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after buying an additional 346 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new position in shares of Carter’s during the third quarter valued at $74,000.

Carter’s Stock Performance

CRI opened at $54.19 on Thursday. The company’s 50 day moving average is $54.69 and its 200 day moving average is $60.89. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 3.28 and a beta of 1.23. 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 company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a $0.80 dividend. The ex-dividend date was Monday, November 25th. This represents a $3.20 annualized dividend and a dividend yield of 5.91%. Carter’s’s dividend payout ratio (DPR) is presently 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.