Brokerages Set Carter’s, Inc. (NYSE:CRI) Target Price at $32.60

Carter’s, Inc. (NYSE:CRI) has been given an average rating of “Reduce” by the seven analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, one has given a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $32.60.

CRI has been the subject of a number of research reports. Wells Fargo & Company lifted their price target on Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. Zacks Research raised shares of Carter’s from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Wall Street Zen upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Carter’s in a research report on Friday, January 9th. Finally, The Goldman Sachs Group upped their price objective on shares of Carter’s from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Tuesday, January 13th.

Carter’s Stock Performance

Shares of Carter’s stock opened at $37.61 on Thursday. The firm has a market capitalization of $1.37 billion, a P/E ratio of 15.23 and a beta of 1.06. Carter’s has a 52 week low of $23.38 and a 52 week high of $54.58. The company has a quick ratio of 0.95, a current ratio of 2.26 and a debt-to-equity ratio of 0.58. The company has a 50 day moving average price of $34.11 and a 200 day moving average price of $30.88.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, November 24th. Carter’s’s payout ratio is presently 40.49%.

Institutional Trading of Carter’s

Several large investors have recently made changes to their positions in CRI. RWWM Inc. raised its position in shares of Carter’s by 44.8% during the 3rd quarter. RWWM Inc. now owns 5,900,170 shares of the textile maker’s stock valued at $166,503,000 after buying an additional 1,824,379 shares during the period. Allianz Asset Management GmbH increased its stake in Carter’s by 32.4% during the second quarter. Allianz Asset Management GmbH now owns 836,495 shares of the textile maker’s stock worth $25,204,000 after acquiring an additional 204,938 shares during the last quarter. CWM LLC raised its position in Carter’s by 90.5% in the second quarter. CWM LLC now owns 18,452 shares of the textile maker’s stock valued at $556,000 after purchasing an additional 8,768 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Carter’s in the 2nd quarter valued at $4,397,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Carter’s by 13.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,650 shares of the textile maker’s stock valued at $1,014,000 after purchasing an additional 3,860 shares during the last quarter.

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.