Carter’s, Inc. (NYSE:CRI) Receives $41.17 Average Price Target from Brokerages

Carter’s, Inc. (NYSE:CRI) has earned an average rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $41.1667.

Several brokerages have recently issued reports on CRI. Citigroup restated a “buy” rating on shares of Carter’s in a research note on Tuesday, July 21st. Monness Crespi & Hardt upped their target price on Carter’s from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wells Fargo & Company upgraded shares of Carter’s from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $30.00 to $42.00 in a report on Wednesday, June 17th. UBS Group reissued a “buy” rating on shares of Carter’s in a research report on Wednesday, July 8th. Finally, The Goldman Sachs Group upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Thursday, April 9th.

Carter’s Price Performance

NYSE CRI opened at $39.82 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.47 and a quick ratio of 1.50. The stock’s fifty day moving average price is $39.94 and its 200 day moving average price is $37.70. Carter’s has a 1 year low of $23.93 and a 1 year high of $44.44. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 7.46, a PEG ratio of 4.71 and a beta of 0.86.

Carter’s (NYSE:CRI) last issued its earnings results on Friday, July 31st. The textile maker reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.20. The company had revenue of $615.49 million during the quarter, compared to analyst estimates of $605.68 million. Carter’s had a return on equity of 12.78% and a net margin of 6.55%.The firm’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.17 EPS. As a group, equities research analysts forecast that Carter’s will post 3.12 earnings per share for the current year.

Carter’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Tuesday, May 26th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, May 26th. Carter’s’s dividend payout ratio (DPR) is 18.73%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its position in Carter’s by 113.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,564,457 shares of the textile maker’s stock worth $77,267,000 after purchasing an additional 1,364,698 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of 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 valued at $63,121,000 after buying an additional 472,786 shares during the period. Morgan Stanley boosted its stake in shares of Carter’s by 15.7% in the fourth quarter. Morgan Stanley now owns 1,762,036 shares of the textile maker’s stock worth $57,143,000 after buying an additional 239,469 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Carter’s by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,597,901 shares of the textile maker’s stock worth $51,820,000 after buying an additional 82,498 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of Carter’s by 29.6% in the fourth quarter. UBS Group AG now owns 1,349,777 shares of the textile maker’s stock worth $43,773,000 after buying an additional 308,347 shares during the last quarter.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.