Carter’s (NYSE:CRI) Price Target Lowered to $45.00 at Citigroup

Carter’s (NYSE:CRI) had its target price trimmed by Citigroup from $50.00 to $45.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the textile maker’s stock.

Separately, Wells Fargo & Company reduced their target price on Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $55.20.

Carter’s Stock Performance

Shares of NYSE CRI opened at $42.25 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The stock’s fifty day moving average price is $52.84 and its two-hundred day moving average price is $58.26. Carter’s has a one year low of $41.94 and a one year high of $88.03. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 6.71, a P/E/G ratio of 3.37 and a beta of 1.21.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.52. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The firm had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. During the same period in the prior year, the firm posted $2.76 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts forecast that Carter’s will post 5.15 EPS for the current year.

Carter’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 7.57%. The ex-dividend date of this dividend is Monday, March 10th. Carter’s’s dividend payout ratio (DPR) is currently 50.79%.

Institutional Trading of Carter’s

Large investors have recently modified their holdings of the stock. Pacer Advisors Inc. boosted its stake in Carter’s by 155.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock valued at $154,500,000 after buying an additional 1,732,857 shares in the last quarter. AQR Capital Management LLC boosted its stake in Carter’s by 124.4% in the fourth quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker’s stock valued at $93,134,000 after buying an additional 964,494 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Carter’s by 108.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,126,468 shares of the textile maker’s stock valued at $61,043,000 after buying an additional 584,850 shares in the last quarter. First Trust Advisors LP boosted its stake in Carter’s by 33.3% in the fourth quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker’s stock valued at $104,042,000 after buying an additional 479,961 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Carter’s by 10.4% in the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock valued at $211,100,000 after buying an additional 366,293 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.