Carter’s (NYSE:CRI) had its price objective reduced by DA Davidson to $91.00 in a report released on Tuesday morning, The Fly reports. They currently have an average rating on the textile maker’s stock.

CRI has been the subject of several other reports. Deutsche Bank started coverage on shares of Carter’s in a research note on Tuesday, April 16th. They set a hold rating and a $99.00 price objective for the company. Citigroup restated a buy rating and set a $13.00 price objective on shares of Encana in a research note on Monday, March 18th. Zacks Investment Research cut shares of GasLog Partners LP Unit from a hold rating to a strong sell rating in a research note on Tuesday, April 2nd. Finally, TheStreet upgraded shares of Valmont Industries from a c+ rating to a b- rating in a research note on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $104.56.

Shares of NYSE CRI opened at $93.59 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.68. Carter’s has a 12 month low of $75.66 and a 12 month high of $118.22. The company’s 50 day simple moving average is $92.71. The firm has a market cap of $4.14 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.79 and a beta of 0.90.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Tuesday, April 30th. The textile maker reported $0.87 EPS for the quarter, beating the consensus estimate of $0.70 by $0.17. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. The business had revenue of $741.06 million during the quarter, compared to analysts’ expectations of $724.08 million. During the same period in the previous year, the business posted $1.09 EPS. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. Sell-side analysts forecast that Carter’s will post 6.64 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 29th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Tuesday, May 28th. Carter’s’s dividend payout ratio is currently 31.80%.

In related news, SVP Jill Wilson sold 2,843 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $108.38, for a total value of $308,124.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kendra Krugman sold 500 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $108.44, for a total transaction of $54,220.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,223 shares of company stock valued at $774,982. Company insiders own 3.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Carter’s during the first quarter worth $542,000. Meeder Asset Management Inc. grew its holdings in shares of Carter’s by 19.1% during the first quarter. Meeder Asset Management Inc. now owns 2,155 shares of the textile maker’s stock worth $217,000 after buying an additional 346 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Carter’s by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 490,550 shares of the textile maker’s stock worth $40,039,000 after buying an additional 24,946 shares in the last quarter. Delek Group Ltd. grew its holdings in shares of Carter’s by 11.7% during the fourth quarter. Delek Group Ltd. now owns 190,544 shares of the textile maker’s stock worth $15,970,000 after buying an additional 20,000 shares in the last quarter. Finally, BTIM Corp. grew its holdings in shares of Carter’s by 3.7% during the first quarter. BTIM Corp. now owns 114,324 shares of the textile maker’s stock worth $11,523,000 after buying an additional 4,050 shares in the last quarter. 95.74% of the stock is owned by institutional investors.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

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The Fly

Analyst Recommendations for Carter`s (NYSE:CRI)

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