Brokerages Set Carter’s, Inc. (NYSE:CRI) Price Target at $75.75

Carter’s, Inc. (NYSE:CRI) has been assigned an average recommendation of “Reduce” from the five research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $75.25.

CRI has been the topic of a number of recent analyst reports. UBS Group increased their target price on Carter’s from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Monness Crespi & Hardt lowered Carter’s from a “buy” rating to a “neutral” rating in a research report on Monday, February 26th. TheStreet upgraded Carter’s from a “c+” rating to a “b-” rating in a research report on Friday, December 22nd. Evercore ISI increased their price objective on Carter’s from $70.00 to $80.00 and gave the company an “in-line” rating in a research note on Wednesday, February 28th. Finally, StockNews.com downgraded Carter’s from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th.

Insiders Place Their Bets

In other Carter’s news, Director Mark Hipp sold 1,875 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $81.74, for a total value of $153,262.50. Following the completion of the sale, the director now directly owns 10,216 shares of the company’s stock, valued at approximately $835,055.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Carter’s

Hedge funds have recently modified their holdings of the business. Coppell Advisory Solutions Corp. purchased a new position in shares of Carter’s during the 4th quarter worth $35,000. Ronald Blue Trust Inc. grew its holdings in shares of Carter’s by 366.7% during the 3rd quarter. Ronald Blue Trust Inc. now owns 490 shares of the textile maker’s stock worth $36,000 after purchasing an additional 385 shares during the period. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Carter’s during the 4th quarter worth $37,000. Parkside Financial Bank & Trust boosted its holdings in Carter’s by 159.4% during the 1st quarter. Parkside Financial Bank & Trust now owns 415 shares of the textile maker’s stock valued at $38,000 after acquiring an additional 255 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Carter’s by 28.6% during the 4th quarter. Blue Trust Inc. now owns 630 shares of the textile maker’s stock valued at $44,000 after acquiring an additional 140 shares during the period.

Carter’s Trading Up 0.1 %

Carter’s stock opened at $71.41 on Tuesday. The company has a current ratio of 2.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.59. Carter’s has a 12 month low of $60.65 and a 12 month high of $88.03. The stock’s 50 day simple moving average is $80.85 and its two-hundred day simple moving average is $74.53. The firm has a market cap of $2.62 billion, a PE ratio of 11.39, a P/E/G ratio of 2.10 and a beta of 1.29.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Tuesday, February 27th. The textile maker reported $2.76 EPS for the quarter, topping the consensus estimate of $2.52 by $0.24. Carter’s had a return on equity of 28.79% and a net margin of 7.89%. The business had revenue of $858.00 million for the quarter, compared to analyst estimates of $867.81 million. During the same quarter in the prior year, the firm posted $2.29 EPS. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. Analysts anticipate that Carter’s will post 6.52 earnings per share for the current year.

Carter’s Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were paid a $0.80 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from Carter’s’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.48%. Carter’s’s dividend payout ratio (DPR) is 51.04%.

About Carter’s

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.