Brokerages Set Carter’s, Inc. (NYSE:CRI) PT at $39.67

Shares of Carter’s, Inc. (NYSE:CRI) have been given a consensus rating of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $39.6667.

A number of analysts have recently weighed in on CRI shares. The Goldman Sachs Group upgraded Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Thursday, April 9th. Weiss Ratings downgraded Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Wells Fargo & Company upped their price objective on Carter’s from $28.00 to $33.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded Carter’s from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Finally, Needham & Company LLC assumed coverage on Carter’s in a research report on Thursday, March 26th. They set a “hold” rating for the company.

Institutional Investors Weigh In On Carter’s

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE increased its stake in shares of Carter’s by 5.0% in the first quarter. Bank of America Corp DE now owns 66,031 shares of the textile maker’s stock valued at $2,361,000 after buying an additional 3,132 shares during the period. Amundi increased its stake in shares of Carter’s by 45.7% in the first quarter. Amundi now owns 14,807 shares of the textile maker’s stock valued at $529,000 after buying an additional 4,647 shares during the period. California State Teachers Retirement System grew its stake in Carter’s by 31.2% during the first quarter. California State Teachers Retirement System now owns 46,269 shares of the textile maker’s stock worth $1,655,000 after purchasing an additional 11,004 shares during the period. Rubric Capital Management LP grew its stake in Carter’s by 121.5% during the first quarter. Rubric Capital Management LP now owns 1,018,853 shares of the textile maker’s stock worth $36,434,000 after purchasing an additional 558,853 shares during the period. Finally, Empowered Funds LLC acquired a new stake in Carter’s during the first quarter worth approximately $4,896,000.

Carter’s Stock Down 0.9%

CRI stock opened at $37.23 on Friday. The company has a current ratio of 2.80, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.37 billion, a PE ratio of 15.01 and a beta of 0.86. Carter’s has a 1-year low of $23.38 and a 1-year high of $44.44. The business’s 50 day simple moving average is $35.71 and its 200 day simple moving average is $34.89.

Carter’s (NYSE:CRI) last posted its earnings results on Wednesday, May 6th. The textile maker reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.26. Carter’s had a return on equity of 13.06% and a net margin of 3.07%.The business had revenue of $681.11 million for the quarter, compared to analyst estimates of $660.59 million. During the same period in the previous year, the firm earned $0.66 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Carter’s has set its Q2 2026 guidance at 0.020-0.060 EPS. As a group, research analysts anticipate that Carter’s will post 3.06 EPS for the current year.

Carter’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Tuesday, May 26th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, May 26th. Carter’s’s dividend payout ratio is currently 40.32%.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.