Carter’s, Inc. (NYSE:CRI) Given Consensus Rating of “Strong Sell” by Analysts

Carter’s, Inc. (NYSE:CRI) has been given an average recommendation of “Strong Sell” by the seven research firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation and two have issued a hold recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $28.80.

CRI has been the topic of several research reports. UBS Group boosted their price objective on shares of Carter’s from $26.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Carter’s in a report on Tuesday, October 14th. The Goldman Sachs Group assumed coverage on Carter’s in a research note on Thursday, December 11th. They issued a “sell” rating and a $26.00 price target on the stock. Wells Fargo & Company lifted their price objective on Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a research note on Tuesday, October 28th. Finally, Barclays boosted their target price on Carter’s from $23.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, October 28th.

Carter’s Price Performance

Shares of CRI stock opened at $32.67 on Wednesday. The business’s fifty day moving average is $31.26 and its 200 day moving average is $29.99. The company has a quick ratio of 0.95, a current ratio of 2.26 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 13.23 and a beta of 1.08. Carter’s has a twelve month low of $23.38 and a twelve month high of $58.13.

Carter’s (NYSE:CRI) last announced its earnings results on Monday, October 27th. The textile maker reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). The business had revenue of $757.84 million for the quarter, compared to the consensus estimate of $760.11 million. Carter’s had a net margin of 3.15% and a return on equity of 16.71%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter last year, the firm posted $1.64 EPS. Research analysts expect that Carter’s will post 5.15 EPS for the current fiscal year.

Carter’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were paid a $0.25 dividend. The ex-dividend date was Monday, November 24th. This represents a $1.00 dividend on an annualized basis and a yield of 3.1%. Carter’s’s payout ratio is presently 40.49%.

Institutional Investors Weigh In On Carter’s

A number of institutional investors have recently made changes to their positions in the company. Amalgamated Bank grew its holdings in Carter’s by 3.5% during the 3rd quarter. Amalgamated Bank now owns 10,756 shares of the textile maker’s stock worth $304,000 after acquiring an additional 360 shares in the last quarter. SummerHaven Investment Management LLC lifted its position in shares of Carter’s by 3.1% in the 2nd quarter. SummerHaven Investment Management LLC now owns 12,998 shares of the textile maker’s stock worth $392,000 after purchasing an additional 385 shares during the period. US Bancorp DE lifted its position in shares of Carter’s by 45.0% in the 1st quarter. US Bancorp DE now owns 1,408 shares of the textile maker’s stock worth $58,000 after purchasing an additional 437 shares during the period. Comerica Bank increased its holdings in Carter’s by 2.5% during the first quarter. Comerica Bank now owns 29,914 shares of the textile maker’s stock valued at $1,223,000 after buying an additional 721 shares during the period. Finally, Signaturefd LLC raised its stake in Carter’s by 269.0% in the second quarter. Signaturefd LLC now owns 1,000 shares of the textile maker’s stock worth $30,000 after buying an additional 729 shares in the last quarter.

Carter’s Company Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.