Carter’s, Inc. (NYSE:CRI) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Carter’s, Inc. (NYSE:CRI) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $39.38.

A number of analysts have recently issued reports on CRI shares. Citigroup reissued a “buy” rating on shares of Carter’s in a research report on Tuesday, July 21st. Zacks Research raised shares of Carter’s from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 21st. Weiss Ratings upgraded shares of Carter’s from a “sell (d+)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. UBS Group reiterated a “buy” rating on shares of Carter’s in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company cut their target price on shares of Carter’s from $42.00 to $30.00 and set an “equal weight” rating for the company in a research report on Monday.

Carter’s Stock Down 1.0%

Shares of Carter’s stock opened at $32.02 on Tuesday. Carter’s has a 1 year low of $27.67 and a 1 year high of $44.44. The company has a market cap of $1.18 billion, a P/E ratio of 6.00, a P/E/G ratio of 3.65 and a beta of 0.84. The company has a current ratio of 2.47, a quick ratio of 1.50 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average price of $33.73 and a 200 day moving average price of $36.57.

Carter’s (NYSE:CRI) last released its earnings results on Friday, July 31st. The textile maker reported $0.26 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $605.68 million. During the same quarter in the previous year, the business posted $0.17 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, analysts expect that Carter’s will post 3.28 EPS for the current fiscal year.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Tuesday, September 1st. Carter’s’s payout ratio is currently 18.73%.

Hedge Funds Weigh In On Carter’s

A number of hedge funds have recently modified their holdings of the stock. Elevation Wealth Partners LLC lifted its holdings in shares of Carter’s by 3,889.3% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,117 shares of the textile maker’s stock valued at $35,000 after buying an additional 1,089 shares during the last quarter. Nykredit A S bought a new stake in shares of Carter’s in the 2nd quarter valued at approximately $72,000. Public Employees Retirement System of Ohio acquired a new position in Carter’s in the first quarter worth approximately $119,000. Versant Capital Management Inc increased its holdings in Carter’s by 39.4% in the third quarter. Versant Capital Management Inc now owns 3,711 shares of the textile maker’s stock worth $116,000 after buying an additional 1,049 shares during the last quarter. Finally, Pictet Asset Management Holding SA acquired a new position in Carter’s in the first quarter worth approximately $212,000.

Carter’s Company Profile

Carter’s, Inc (NYSE:CRI) is a designer, marketer and retailer of apparel and related products for babies and young children. The company’s offerings include bodysuits, sleepwear, playwear, outerwear, footwear, accessories, gifts, bedding and other products for infants, toddlers and young children.

Carter’s markets products primarily under the Carter’s and OshKosh B’gosh brands, as well as Skip Hop, which offers baby and children’s gear, accessories and related products. The company sells through its own retail stores and websites, wholesale partners, department stores, mass merchants and other retailers.

The company traces its history to 1865, when it was established as the William Carter Company.