Carter’s, Inc. (NYSE:CRI) Stock Has Consensus Target Price of $38.62 According to Brokerages

Carter’s, Inc. (NYSE:CRI) has earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $38.62.

CRI has been the subject of a number of research analyst reports. BMO Capital Markets assumed coverage on Carter’s in a research note on Tuesday, September 8th. They issued an “outperform” rating and a $40.00 target price for the company. Wall Street Zen cut Carter’s from a “buy” rating to a “hold” rating in a research note on Saturday. Bank of America lowered their price target on shares of Carter’s from $30.00 to $28.00 and set an “underperform” rating for the company in a report on Monday. Capital One Financial set a $40.00 price target on Carter’s in a research note on Tuesday, September 8th. Finally, Wells Fargo & Company cut their price target on shares of Carter’s from $42.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, October 12th.

Carter’s Stock Down 1.9%

NYSE CRI opened at $32.01 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.78 and a quick ratio of 1.63. The company has a market capitalization of $1.17 billion, a P/E ratio of 5.32, a PEG ratio of 3.63 and a beta of 0.85. Carter’s has a 12 month low of $27.86 and a 12 month high of $44.44. The company’s 50 day simple moving average is $31.78 and its 200 day simple moving average is $36.18.

Carter’s (NYSE:CRI) last announced its earnings results on Friday, October 30th. The textile maker reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.18. Carter’s had a return on equity of 13.25% and a net margin of 7.40%. The company had revenue of $752.46 million during the quarter, compared to analyst estimates of $747.34 million. During the same period last year, the company posted $0.74 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Equities research analysts expect that Carter’s will post 3.22 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Carter’s’s payout ratio is presently 16.61%.

Hedge Funds Weigh In On Carter’s

Several hedge funds have recently bought and sold shares of CRI. Squarepoint Ops LLC grew its holdings in Carter’s by 114.7% during the second quarter. Squarepoint Ops LLC now owns 97,709 shares of the textile maker’s stock worth $4,022,000 after acquiring an additional 52,193 shares during the period. Wellington Management Group LLP raised its holdings in shares of Carter’s by 11.9% in the 2nd quarter. Wellington Management Group LLP now owns 645,863 shares of the textile maker’s stock worth $26,584,000 after acquiring an additional 68,464 shares during the last quarter. Engineers Gate Manager LP purchased a new position in shares of Carter’s during the 2nd quarter valued at $2,260,000. Dimensional Fund Advisors LP grew its position 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 worth $63,121,000 after buying an additional 472,786 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of Carter’s in the first quarter worth approximately $4,896,000.

Carter’s Company Profile

Carter’s, Inc (NYSE:CRI) is a major designer, source and marketer of apparel and related products for babies and young children. The company offers clothing, accessories, footwear, gifts and other products for infants, toddlers and children through brands including Carter’s, OshKosh B’gosh, Little Planet and Skip Hop.

Founded in 1865, Carter’s has built a long-standing presence in the children’s apparel market. Its products are sold through company-operated retail stores, e-commerce websites and wholesale partners, including department stores, mass merchants and specialty retailers.