Shares of Carter's, Inc. (NYSE:CRI - Get Free Report) have received a consensus recommendation of "Reduce" from the seven brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $70.00.
A number of brokerages have commented on CRI. Bank of America lowered their target price on Carter's from $65.00 to $54.00 and set an "underperform" rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company lowered their target price on 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.
Read Our Latest Analysis on CRI
Several large investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Carter's during the 1st quarter worth about $1,450,000. Janney Montgomery Scott LLC acquired a new position in shares of Carter's during the 1st quarter worth about $278,000. Texas Permanent School Fund Corp lifted its position in shares of Carter's by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 32,229 shares of the textile maker's stock worth $2,729,000 after purchasing an additional 432 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Carter's by 2.3% during the 1st quarter. Quantbot Technologies LP now owns 13,178 shares of the textile maker's stock worth $1,116,000 after purchasing an additional 302 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in shares of Carter's during the 1st quarter worth about $6,991,000.
Shares of NYSE CRI opened at $53.99 on Wednesday. The business's 50-day moving average price is $64.89 and its two-hundred day moving average price is $65.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter's has a one year low of $53.33 and a one year high of $88.03. The company has a market capitalization of $1.95 billion, a P/E ratio of 8.57, a price-to-earnings-growth ratio of 3.31 and a beta of 1.24.
The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were paid a dividend of $0.80 per share. The ex-dividend date was Tuesday, August 27th. This represents a $3.20 annualized dividend and a dividend yield of 5.93%. Carter's's dividend payout ratio (DPR) is presently 50.79%.
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.
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