Carter’s, Inc. (NYSE:CRI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Carter’s, Inc. (NYSE:CRI) has received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $40.8750.

Several equities analysts have recently commented on CRI shares. Weiss Ratings raised shares of Carter’s from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Citigroup reiterated a “buy” rating on shares of Carter’s in a research report on Tuesday, July 21st. Zacks Research upgraded shares of Carter’s from a “hold” rating to a “strong-buy” rating in a report on Friday, August 21st. BMO Capital Markets assumed coverage on shares of Carter’s in a research report on Tuesday, September 8th. They issued an “outperform” rating and a $40.00 target price for the company. Finally, UBS Group restated a “buy” rating on shares of Carter’s in a report on Wednesday, July 8th.

Institutional Investors Weigh In On Carter’s

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in Carter’s by 36.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,765,205 shares of the textile maker’s stock worth $63,121,000 after buying an additional 472,786 shares in the last quarter. Rubric Capital Management LP boosted its holdings in Carter’s by 121.5% in the first quarter. Rubric Capital Management LP now owns 1,018,853 shares of the textile maker’s stock worth $36,434,000 after purchasing an additional 558,853 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Carter’s during the 2nd quarter valued at $28,348,000. Wellington Management Group LLP lifted its holdings in shares of Carter’s by 11.9% during the 2nd quarter. Wellington Management Group LLP now owns 645,863 shares of the textile maker’s stock valued at $26,584,000 after buying an additional 68,464 shares during the period. Finally, Royce & Associates LP grew its holdings in shares of Carter’s by 26.4% in the fourth quarter. Royce & Associates LP now owns 244,360 shares of the textile maker’s stock worth $7,925,000 after acquiring an additional 51,088 shares during the period.

Carter’s Trading Up 2.6%

Shares of CRI stock opened at $29.78 on Friday. The business has a 50-day moving average of $36.17 and a 200 day moving average of $36.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.47 and a quick ratio of 1.50. Carter’s has a 1-year low of $27.15 and a 1-year high of $44.44. The stock has a market capitalization of $1.09 billion, a PE ratio of 5.58, a P/E/G ratio of 3.27 and a beta of 0.84.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Friday, July 31st. The textile maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.20. Carter’s had a return on equity of 12.78% and a net margin of 6.55%.The firm had revenue of $615.49 million during the quarter, compared to the consensus estimate of $605.68 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The business’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Carter’s will post 3.28 earnings per share for the current year.

Carter’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.00 annualized dividend and a yield of 3.4%. Carter’s’s payout ratio is presently 18.73%.

About Carter’s

Carter’s, Inc (NYSE:CRI) is a specialty retailer and branded marketer of apparel, accessories and related products for babies and young children. The company’s portfolio includes Carter’s, OshKosh B’gosh, Skip Hop and Little Planet, offering items such as bodysuits, sleepwear, playwear, footwear, outerwear, accessories, baby gear and nursery products.

Founded in 1865 by William Carter, the company has developed into a major children’s apparel business. Carter’s products are sold through company-operated retail stores, e-commerce websites and wholesale partners, including department stores, mass merchants, specialty retailers and other distribution channels.

The company primarily serves customers in the United States and Canada, while also reaching international markets through select wholesale, licensing and distribution arrangements.