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

Shares of Carter’s, Inc. (NYSE:CRI) have earned an average recommendation of “Reduce” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $67.67.

Several research analysts have recently commented on CRI shares. Wells Fargo & Company dropped 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. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a report on Tuesday, November 12th.

Carter’s Price Performance

Shares of NYSE:CRI opened at $54.43 on Thursday. Carter’s has a 1 year low of $50.27 and a 1 year high of $88.03. The business has a fifty day simple moving average of $55.45 and a 200 day simple moving average of $61.12. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.96 billion, a price-to-earnings ratio of 8.64, a P/E/G ratio of 3.28 and a beta of 1.23.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 5.88%. The ex-dividend date was Monday, November 25th. Carter’s’s payout ratio is currently 50.79%.

Institutional Investors Weigh In On Carter’s

Several hedge funds have recently made changes to their positions in the stock. Raymond James & Associates raised its position in Carter’s by 24.9% in the second quarter. Raymond James & Associates now owns 107,190 shares of the textile maker’s stock worth $6,643,000 after purchasing an additional 21,358 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Carter’s by 7.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,509 shares of the textile maker’s stock valued at $465,000 after buying an additional 517 shares during the period. Panagora Asset Management Inc. bought a new stake in shares of Carter’s during the second quarter worth $232,000. Crossmark Global Holdings Inc. lifted its position in Carter’s by 18.8% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 30,389 shares of the textile maker’s stock valued at $1,883,000 after purchasing an additional 4,813 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Carter’s during the 2nd quarter worth approximately $601,000.

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.