Carter's (NYSE:CRI) Stock Price Up 3.8% - What's Next?

Carter's, Inc. (NYSE:CRI - Get Free Report) shares traded up 3.8% during mid-day trading on Wednesday . The stock traded as high as $33.88 and last traded at $33.68. 313,964 shares were traded during mid-day trading, a decline of 76% from the average session volume of 1,298,604 shares. The stock had previously closed at $32.44.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on 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 report on Monday, April 28th. Wells Fargo & Company increased 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. Citigroup decreased their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Finally, Barclays assumed coverage on shares of Carter's in a research report on Monday, April 28th. They set an "underweight" rating and a $25.00 price objective on the stock. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $36.80.

Carter's Stock Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The company has a 50 day moving average price of $35.66 and a 200 day moving average price of $45.67. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 4.98, a P/E/G ratio of 3.37 and a beta of 1.05.

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, beating 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 last year, the business posted $0.98 EPS. Equities research analysts predict 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 will be paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.25 per share. The ex-dividend date is Monday, June 2nd. This is an increase from Carter's's previous dividend of $0.22. This represents a dividend yield of 3.19%. Carter's's payout ratio is presently 22.12%.

Institutional Investors Weigh In On Carter's

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Venturi Wealth Management LLC increased its position in shares of Carter's by 36.9% during the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock worth $54,000 after acquiring an additional 268 shares in the last quarter. Jones Financial Companies Lllp increased its position 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 acquiring an additional 270 shares in the last quarter. M&T Bank Corp increased its position in shares of Carter's by 7.2% during the fourth quarter. M&T Bank Corp now owns 4,073 shares of the textile maker's stock worth $221,000 after acquiring an additional 272 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Carter's by 7.1% during the fourth quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker's stock worth $279,000 after acquiring an additional 347 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Carter's by 18.6% during the first quarter. Covestor Ltd now owns 2,575 shares of the textile maker's stock worth $106,000 after acquiring an additional 404 shares in the last quarter.

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.