Carter’s, Inc. (NYSE:CRI) Receives Average Rating of “Hold” from Brokerages

Carter’s, Inc. (NYSE:CRI) has been given a consensus rating of “Hold” by the nine brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $41.1667.

Several equities analysts have commented on CRI shares. Zacks Research downgraded Carter’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. UBS Group restated a “buy” rating on shares of Carter’s in a report on Wednesday, July 8th. Wall Street Zen raised Carter’s from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 10th. Weiss Ratings upgraded shares of Carter’s from a “sell (d+)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, Monness Crespi & Hardt raised their price objective on shares of Carter’s from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, May 7th.

Hedge Funds Weigh In On Carter’s

Large investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Carter’s by 50.2% during the 1st quarter. Royal Bank of Canada now owns 40,649 shares of the textile maker’s stock worth $1,663,000 after buying an additional 13,594 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Carter’s by 5.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 120,964 shares of the textile maker’s stock valued at $4,947,000 after buying an additional 6,195 shares during the period. Russell Investments Group Ltd. raised its position in shares of Carter’s by 4.7% during the second quarter. Russell Investments Group Ltd. now owns 16,482 shares of the textile maker’s stock worth $497,000 after acquiring an additional 734 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Carter’s by 71.5% during the second quarter. Hsbc Holdings PLC now owns 9,390 shares of the textile maker’s stock worth $282,000 after acquiring an additional 3,915 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Carter’s by 30.4% in the second quarter. Invesco Ltd. now owns 223,731 shares of the textile maker’s stock worth $6,741,000 after acquiring an additional 52,103 shares during the period.

Carter’s Stock Performance

NYSE CRI opened at $35.74 on Monday. The firm’s fifty day moving average price is $39.68 and its two-hundred day moving average price is $37.95. The stock has a market cap of $1.31 billion, a PE ratio of 6.69, a PEG ratio of 4.03 and a beta of 0.86. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.50 and a current ratio of 2.47. Carter’s has a fifty-two week low of $25.48 and a fifty-two week high of $44.44.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Friday, July 31st. The textile maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.20. The company had revenue of $615.49 million during the quarter, compared to analysts’ expectations of $605.68 million. Carter’s had a return on equity of 12.78% and a net margin of 6.55%.Carter’s’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 EPS. On average, equities analysts expect that Carter’s will post 3.28 EPS for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 1st. Carter’s’s dividend payout ratio is 18.73%.

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.