Carter’s (NYSE:CRI) Given New $30.00 Price Target at Wells Fargo & Company

Carter’s (NYSE:CRI) had its price objective cut by Wells Fargo & Company from $42.00 to $30.00 in a research note published on Monday,Benzinga reports. They currently have an equal weight rating on the textile maker’s stock.

A number of other equities analysts also recently commented on CRI. BMO Capital Markets assumed coverage on shares of Carter’s in a report on Tuesday, September 8th. They set an “outperform” rating and a $40.00 price objective for the company. Zacks Research upgraded shares of Carter’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. 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. Wall Street Zen cut shares of Carter’s from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 26th. Finally, Capital One Financial set a $40.00 price target on shares of Carter’s in a research report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.38.

Carter’s Stock Performance

Shares of NYSE CRI opened at $32.02 on Monday. The business has a fifty day simple moving average of $33.73 and a 200 day simple moving average of $36.57. The company has a current ratio of 2.47, a quick ratio of 1.50 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 6.00, a PEG ratio of 3.65 and a beta of 0.84. Carter’s has a one year low of $27.67 and a one year high of $44.44.

Carter’s (NYSE:CRI) last issued its earnings results on Friday, July 31st. The textile maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.06 by $0.20. The firm had revenue of $615.49 million during the quarter, compared to analysts’ expectations of $605.68 million. Carter’s had a return on equity of 12.78% and a net margin of 6.55%. Carter’s’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the business earned $0.17 earnings per share. Sell-side analysts expect that Carter’s will post 3.28 EPS for the current year.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Tuesday, September 1st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.00 annualized dividend and a yield of 3.1%. Carter’s’s payout ratio is currently 18.73%.

Institutional Trading of Carter’s

A number of large investors have recently bought and sold shares of CRI. Elevation Wealth Partners LLC increased its position in shares of Carter’s by 3,889.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,117 shares of the textile maker’s stock worth $35,000 after purchasing an additional 1,089 shares in the last quarter. Nykredit A S acquired a new position in Carter’s in the second quarter valued at about $72,000. Public Employees Retirement System of Ohio acquired a new position in Carter’s in the first quarter valued at about $119,000. Versant Capital Management Inc boosted its position in Carter’s by 39.4% in the third quarter. Versant Capital Management Inc now owns 3,711 shares of the textile maker’s stock valued at $116,000 after buying an additional 1,049 shares in the last quarter. Finally, Pictet Asset Management Holding SA acquired a new position in Carter’s in the first quarter valued at about $212,000.

Carter’s Company Profile

Carter’s, Inc (NYSE:CRI) is a designer, marketer and retailer of apparel and related products for babies and young children. The company’s offerings include bodysuits, sleepwear, playwear, outerwear, footwear, accessories, gifts, bedding and other products for infants, toddlers and young children.

Carter’s markets products primarily under the Carter’s and OshKosh B’gosh brands, as well as Skip Hop, which offers baby and children’s gear, accessories and related products. The company sells through its own retail stores and websites, wholesale partners, department stores, mass merchants and other retailers.

The company traces its history to 1865, when it was established as the William Carter Company.