Carter's, Inc. (NYSE:CRI - Get Free Report) shares were up 7.2% during trading on Tuesday . The stock traded as high as $31.76 and last traded at $32.29. Approximately 360,580 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 1,367,711 shares. The stock had previously closed at $30.13.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Barclays initiated coverage on Carter's in a research report on Monday, April 28th. They set an "underweight" rating and a $25.00 price target on the stock. Wells Fargo & Company lifted their target price on shares of Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 14th. Finally, UBS Group cut their price target on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, Carter's has a consensus rating of "Reduce" and an average target price of $36.80.
View Our Latest Analysis on Carter's
Carter's Stock Performance
The business has a 50-day simple moving average of $32.79 and a 200-day simple moving average of $42.09. The firm has a market capitalization of $1.15 billion, a PE ratio of 6.97 and a beta of 0.98. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.56 and a quick ratio of 1.40.
Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.13. The company had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. Carter's had a net margin of 5.80% and a return on equity of 23.50%. Carter's's quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. Equities research analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.
Carter's Increases Dividend
The firm also recently announced a dividend, which was paid on Friday, June 20th. Shareholders of record on Tuesday, June 3rd were paid a $0.25 dividend. This represents a yield of 3.19%. This is a positive change from Carter's's previous dividend of $0.22. The ex-dividend date was Monday, June 2nd. Carter's's dividend payout ratio (DPR) is 22.12%.
Institutional Trading of Carter's
Several institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in Carter's by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after purchasing an additional 270 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Carter's by 2,112.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock worth $29,000 after acquiring an additional 507 shares during the period. Colonial Trust Co SC acquired a new stake in shares of Carter's in the fourth quarter valued at about $29,000. Allworth Financial LP boosted its stake in shares of Carter's by 313.1% during the 1st quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock worth $28,000 after acquiring an additional 548 shares in the last quarter. Finally, True Wealth Design LLC boosted its position in Carter's by 173.0% during the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock worth $49,000 after purchasing an additional 571 shares in the last quarter.
About Carter's
(
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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.
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