Carter’s (NYSE:CRI) Given New $49.00 Price Target at UBS Group

Carter’s (NYSE:CRI) had its price objective decreased by UBS Group from $57.00 to $49.00 in a research note issued to investors on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the textile maker’s stock.

A number of other research analysts have also weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research note on Wednesday. Citigroup cut their price target on Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $55.20.

Carter’s Stock Down 3.3 %

Shares of NYSE CRI opened at $42.25 on Wednesday. The business’s fifty day moving average price is $52.84 and its 200-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 stock has a market capitalization of $1.52 billion, a PE ratio of 6.71, a P/E/G ratio of 3.37 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

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

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 7.57%. The ex-dividend date of this dividend is Monday, March 10th. Carter’s’s dividend payout ratio is presently 50.79%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CRI. Jones Financial Companies Lllp raised its position in shares of Carter’s by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after buying an additional 270 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Carter’s in the 3rd quarter worth about $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of Carter’s by 2,112.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 507 shares in the last quarter. Colonial Trust Co SC bought a new stake in shares of Carter’s during the 4th quarter valued at about $29,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares during the last quarter.

Carter’s Company Profile

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.