Short Interest in Carter’s, Inc. (NYSE:CRI) Drops By 9.2%

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

Wall Street Analysts Forecast Growth

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

Carter’s Trading Down 1.2 %

Shares of CRI traded down $0.68 during trading hours on Friday, hitting $54.02. 526,750 shares of the stock were exchanged, compared to its average volume of 952,095. Carter’s has a fifty-two week low of $53.40 and a fifty-two week high of $88.03. 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 business has a 50-day moving average of $65.43 and a 200-day moving average of $65.34. The firm has a market capitalization of $1.95 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 3.41 and a beta of 1.23.

Carter’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s dividend payout ratio (DPR) is 50.79%.

Institutional Trading of Carter’s

Several hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in Carter’s by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 214 shares during the period. Capital Performance Advisors LLP bought a new position in Carter’s during the 3rd quarter valued at about $28,000. Gladius Capital Management LP bought a new position in Carter’s during the 2nd quarter valued at about $30,000. CWM LLC lifted its stake in Carter’s by 431.3% during the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 483 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its stake in shares of Carter’s by 67.6% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after purchasing an additional 346 shares during the period.

Carter’s Company Profile

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.