Carter’s, Inc. (NYSE:CRI) Short Interest Up 9.7% in December

Carter’s, Inc. (NYSE:CRI) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 4,060,000 shares, an increase of 9.7% from the November 30th total of 3,700,000 shares. Based on an average trading volume of 1,290,000 shares, the short-interest ratio is presently 3.1 days. Approximately 11.6% of the shares of the company are short sold.

Carter’s Stock Performance

CRI opened at $54.19 on Thursday. The business has a fifty day simple moving average of $54.69 and a 200-day simple moving average of $60.89. The firm has a market cap of $1.95 billion, a PE ratio of 8.60, a P/E/G ratio of 3.28 and a beta of 1.23. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter’s has a fifty-two week low of $50.27 and a fifty-two week high of $88.03.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date was Monday, November 25th. Carter’s’s dividend payout ratio is 50.79%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wells Fargo & Company decreased their target price on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company 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 target on the stock in a report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, Carter’s presently has a consensus rating of “Hold” and a consensus target price of $67.67.

Institutional Trading of Carter’s

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in shares of Carter’s by 112.0% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 214 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Carter’s during the 3rd quarter valued at $28,000. Venturi Wealth Management LLC grew its holdings in shares of Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of Carter’s by 67.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 346 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of Carter’s in the third quarter worth $74,000.

Carter’s Company Profile

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.