Carter's, Inc. (NYSE:CRI) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus “Hold” rating on Carter’s, with one sell, four hold and four buy recommendations. The average 12-month price target is $41.17, compared with the reported share price of $35.74.
• Carter’s exceeded quarterly expectations, reporting adjusted earnings of $0.26 per share versus the $0.06 consensus estimate and revenue of $615.5 million, up 5.2% year over year.
• The company declared a quarterly dividend of $0.25 per share, equivalent to $1.00 annually and a 2.8% yield; its payout ratio is currently 18.73%.

Shares of Carter's, Inc. (NYSE:CRI - Get Free Report) have earned an average rating of "Hold" from the nine analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $41.1667.

A number of analysts have issued reports on CRI shares. Citigroup reissued a "buy" rating on shares of Carter's in a report on Tuesday, July 21st. Wells Fargo & Company upgraded shares of Carter's from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $30.00 to $42.00 in a research report on Wednesday, June 17th. Weiss Ratings upgraded Carter's from a "sell (d+)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. Monness Crespi & Hardt increased their price target on Carter's from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded Carter's from a "buy" rating to a "strong-buy" rating in a research note on Monday, August 10th.

Carter's Stock Performance

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

Carter's (NYSE:CRI - Get Free Report) last posted its earnings results on Friday, July 31st. The textile maker reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.20. Carter's had a return on equity of 12.78% and a net margin of 6.55%.The company had revenue of $615.49 million during the quarter, compared to the consensus estimate of $605.68 million. During the same quarter last year, the firm earned $0.17 earnings per share. The company's revenue was up 5.2% on a year-over-year basis. On average, equities analysts forecast that Carter's will post 3.28 EPS for the current year.

Carter's Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be given a $0.25 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. Carter's's dividend payout ratio (DPR) is presently 18.73%.

Institutional Investors Weigh In On Carter's

Several institutional investors and hedge funds have recently bought and sold shares of CRI. UMB Bank n.a. raised its position in Carter's by 445.8% during the fourth quarter. UMB Bank n.a. now owns 775 shares of the textile maker's stock valued at $25,000 after purchasing an additional 633 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of Carter's by 555.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,115 shares of the textile maker's stock worth $31,000 after buying an additional 945 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Carter's by 202.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker's stock worth $45,000 after buying an additional 995 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Carter's by 21.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,577 shares of the textile maker's stock valued at $51,000 after buying an additional 282 shares in the last quarter. Finally, State of Wyoming boosted its stake in Carter's by 1,380.6% in the fourth quarter. State of Wyoming now owns 2,132 shares of the textile maker's stock valued at $69,000 after buying an additional 1,988 shares in the last quarter.

About Carter's

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.

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