Carter’s, Inc. (NYSE:CRI) Short Interest Update

Carter’s, Inc. (NYSE:CRI) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 5,060,000 shares, a decline of 9.2% from the September 30th total of 5,570,000 shares. Based on an average trading volume of 1,180,000 shares, the days-to-cover ratio is currently 4.3 days. Approximately 14.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Carter’s

Several large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its holdings in shares of Carter’s by 44.4% during the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock valued at $74,928,000 after purchasing an additional 371,681 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Carter’s by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock worth $65,868,000 after buying an additional 112,947 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Carter’s by 29.2% during the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock worth $46,918,000 after purchasing an additional 170,960 shares during the period. AQR Capital Management LLC increased its holdings in shares of Carter’s by 50.7% during the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock valued at $34,212,000 after purchasing an additional 186,894 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its holdings in Carter’s by 13.6% during the third quarter. Reinhart Partners LLC. now owns 523,939 shares of the textile maker’s stock worth $34,046,000 after buying an additional 62,749 shares in the last quarter.

Carter’s Trading Down 1.0 %

CRI stock traded down $0.55 during midday trading on Friday, reaching $54.15. The company’s stock had a trading volume of 924,574 shares, compared to its average volume of 953,664. Carter’s has a 1 year low of $53.40 and a 1 year high of $88.03. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.60, a PEG ratio of 3.41 and a beta of 1.23. The stock has a fifty day simple moving average of $65.43 and a two-hundred day simple moving average of $65.34. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 5.91%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s dividend payout ratio is presently 50.79%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Bank of America cut their target price on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company lowered their price target on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, Carter’s has an average rating of “Hold” and a consensus price target of $70.00.

About Carter’s

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.