Carter’s, Inc. (NYSE:CRI) Sees Significant Decrease in Short Interest

Carter’s, Inc. (NYSE:CRIGet Free Report) saw a significant drop in short interest in the month of February. As of February 29th, there was short interest totalling 2,820,000 shares, a drop of 15.1% from the February 14th total of 3,320,000 shares. Approximately 8.0% of the shares of the company are sold short. Based on an average daily volume of 665,400 shares, the short-interest ratio is presently 4.2 days.

Carter’s Stock Up 1.2 %

Shares of Carter’s stock opened at $86.03 on Monday. Carter’s has a 1 year low of $60.65 and a 1 year high of $88.03. The business has a 50-day moving average of $78.93 and a two-hundred day moving average of $72.80. The company has a market capitalization of $3.14 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 2.56 and a beta of 1.28. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.15 and a quick ratio of 1.10.

Carter’s (NYSE:CRIGet Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The textile maker reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.24. The company had revenue of $858.00 million during the quarter, compared to analysts’ expectations of $867.81 million. Carter’s had a return on equity of 28.79% and a net margin of 7.89%. Carter’s’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.29 earnings per share. As a group, equities analysts predict that Carter’s will post 6.52 EPS for the current year.

Carter’s Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Monday, March 11th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Friday, March 8th. This is a positive change from Carter’s’s previous quarterly dividend of $0.75. Carter’s’s dividend payout ratio (DPR) is 51.04%.

Analyst Ratings Changes

A number of equities research analysts have commented on CRI shares. Evercore ISI raised their price objective on Carter’s from $70.00 to $80.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 28th. Monness Crespi & Hardt lowered Carter’s from a “buy” rating to a “neutral” rating in a report on Monday, February 26th. TheStreet raised Carter’s from a “c+” rating to a “b-” rating in a report on Friday, December 22nd. UBS Group boosted their price target on Carter’s from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Wedbush boosted their price objective on Carter’s from $67.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $75.75.

View Our Latest Analysis on CRI

Institutional Investors Weigh In On Carter’s

A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Carter’s by 0.7% in the 1st quarter. BlackRock Inc. now owns 3,454,471 shares of the textile maker’s stock valued at $317,777,000 after purchasing an additional 23,125 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Carter’s by 4.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,154,133 shares of the textile maker’s stock valued at $228,990,000 after acquiring an additional 140,152 shares in the last quarter. Shapiro Capital Management LLC boosted its holdings in shares of Carter’s by 3.9% during the 2nd quarter. Shapiro Capital Management LLC now owns 2,871,448 shares of the textile maker’s stock valued at $208,467,000 after acquiring an additional 108,412 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Carter’s by 4.0% during the 4th quarter. Mackenzie Financial Corp now owns 2,287,686 shares of the textile maker’s stock valued at $170,684,000 after acquiring an additional 88,720 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Carter’s by 5.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,713,889 shares of the textile maker’s stock valued at $118,515,000 after acquiring an additional 90,094 shares in the last quarter.

Carter’s Company Profile

(Get Free Report)

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.

Featured Articles

Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.