Carter's (CRI) Given New $134.00 Price Target at Citigroup
Other analysts have also issued research reports about the company. Zacks Investment Research upgraded Carter's from a hold rating to a buy rating and set a $132.00 price target for the company in a report on Thursday, January 11th. B. Riley reiterated a buy rating on shares of Carter's in a report on Wednesday, November 1st. ValuEngine upgraded Carter's from a hold rating to a buy rating in a report on Friday, February 2nd. Monness Crespi & Hardt reiterated a buy rating and issued a $137.00 price target (up previously from $115.00) on shares of Carter's in a report on Friday, February 23rd. Finally, Cowen set a $105.00 price target on Carter's and gave the company a hold rating in a report on Thursday, November 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. Carter's currently has an average rating of Buy and a consensus target price of $119.08.
Shares of Carter's (NYSE:CRI) opened at $116.73 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 3.10 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5,520.00, a P/E ratio of 21.50, a P/E/G ratio of 1.80 and a beta of 0.35. Carter's has a twelve month low of $79.76 and a twelve month high of $129.00.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Monday, March 12th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Friday, March 9th. This represents a $1.80 dividend on an annualized basis and a yield of 1.54%. This is a positive change from Carter's’s previous quarterly dividend of $0.37. Carter's’s dividend payout ratio is currently 27.26%.
Carter's announced that its board has authorized a share repurchase program on Tuesday, February 27th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the textile maker to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
In other Carter's news, EVP Greg Foglesong sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $117.98, for a total transaction of $707,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.10% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of CRI. BB&T Corp purchased a new stake in Carter's during the third quarter worth $867,000. Fox Run Management L.L.C. purchased a new stake in shares of Carter's during the 3rd quarter valued at $316,000. Boston Advisors LLC purchased a new stake in shares of Carter's during the 3rd quarter valued at $209,000. Aperio Group LLC lifted its holdings in shares of Carter's by 30.9% during the 3rd quarter. Aperio Group LLC now owns 10,939 shares of the textile maker’s stock valued at $1,080,000 after purchasing an additional 2,581 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in shares of Carter's during the 3rd quarter valued at $505,000. Institutional investors own 96.95% of the company’s stock.
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Carter's Company Profile
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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