Shares of Carter’s, Inc. (NYSE:CRI) have earned a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $109.50.

Several brokerages have commented on CRI. Zacks Investment Research downgraded Carter’s from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. ValuEngine upgraded Carter’s from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. Citigroup reiterated a “buy” rating and set a $120.00 target price on shares of Carter’s in a research note on Monday, March 18th. TheStreet upgraded Carter’s from a “c+” rating to a “b-” rating in a research note on Wednesday, March 13th. Finally, Wells Fargo & Co cut their target price on Carter’s from $105.00 to $98.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 2nd.

In other news, Director Amy Woods Brinkley sold 2,475 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $96.44, for a total transaction of $238,689.00. Following the transaction, the director now directly owns 21,646 shares of the company’s stock, valued at approximately $2,087,540.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Julie D’emilio sold 4,000 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $92.78, for a total value of $371,120.00. The disclosure for this sale can be found here. Insiders have sold a total of 12,660 shares of company stock worth $1,218,660 over the last three months. Insiders own 3.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CRI. Norges Bank bought a new position in shares of Carter’s during the 4th quarter valued at $53,891,000. Victory Capital Management Inc. lifted its holdings in shares of Carter’s by 16.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,544,797 shares of the textile maker’s stock valued at $207,706,000 after buying an additional 358,393 shares during the period. FMR LLC lifted its holdings in shares of Carter’s by 42.6% during the 4th quarter. FMR LLC now owns 1,049,605 shares of the textile maker’s stock valued at $85,669,000 after buying an additional 313,801 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Carter’s by 33.7% during the 3rd quarter. Mackenzie Financial Corp now owns 1,122,465 shares of the textile maker’s stock valued at $110,675,000 after buying an additional 282,615 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of Carter’s during the 4th quarter valued at $18,602,000. 95.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CRI opened at $105.11 on Tuesday. The company has a current ratio of 3.19, a quick ratio of 1.43 and a debt-to-equity ratio of 0.68. Carter’s has a 12 month low of $75.66 and a 12 month high of $118.22. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.92 and a beta of 0.61.

Carter’s (NYSE:CRI) last issued its earnings results on Monday, February 25th. The textile maker reported $2.84 EPS for the quarter, beating the consensus estimate of $2.57 by $0.27. Carter’s had a return on equity of 35.33% and a net margin of 8.15%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the business posted $2.32 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts expect that Carter’s will post 6.67 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.90%. This is a boost from Carter’s’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, March 11th. Carter’s’s dividend payout ratio is presently 31.80%.

Carter’s Company Profile

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, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.

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Analyst Recommendations for Carter`s (NYSE:CRI)

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