Carter's, Inc. (NYSE:CRI) Short Interest Update

Carter's, Inc. (NYSE:CRI - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 5,370,000 shares, an increase of 25.8% from the March 31st total of 4,270,000 shares. Approximately 15.4% of the company's stock are sold short. Based on an average daily volume of 1,570,000 shares, the days-to-cover ratio is currently 3.4 days.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Barclays started coverage on Carter's in a research report on Monday, April 28th. They set an "underweight" rating and a $25.00 target price for the company. UBS Group cut their price target on Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company cut Carter's from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $40.00 to $25.00 in a report on Wednesday, April 30th. Finally, Citigroup decreased their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $36.20.

Carter's Stock Down 3.1 %

Shares of NYSE CRI traded down $1.05 during mid-day trading on Tuesday, hitting $32.79. The company had a trading volume of 1,455,408 shares, compared to its average volume of 1,244,124. Carter's has a one year low of $32.04 and a one year high of $72.11. The company has a market capitalization of $1.19 billion, a PE ratio of 5.20, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The firm has a 50-day simple moving average of $38.46 and a two-hundred day simple moving average of $48.61.

Carter's (NYSE:CRI - Get Free Report) last issued its earnings results on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping the consensus estimate of $0.53 by $0.13. The company had revenue of $291.09 million during the quarter, compared to the consensus estimate of $624.86 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.98 EPS. On average, equities analysts expect that Carter's will post 5.15 EPS for the current year.

Carter's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 9.76%. Carter's's dividend payout ratio (DPR) is presently 70.80%.

Institutional Trading of Carter's

A number of institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its stake in shares of Carter's by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after buying an additional 270 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Carter's by 313.1% in the 1st quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock worth $28,000 after purchasing an additional 548 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Carter's by 2,112.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock worth $29,000 after purchasing an additional 507 shares in the last quarter. Colonial Trust Co SC purchased a new stake in shares of Carter's in the fourth quarter valued at about $29,000. Finally, Parallel Advisors LLC raised its stake in shares of Carter's by 80.9% during the 1st quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock worth $43,000 after purchasing an additional 475 shares during the period.

About Carter's

Carter's, Inc engages in the business of brand marketing of young children's apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.