Short Interest in Carter’s, Inc. (NYSE:CRI) Declines By 14.0%

Carter’s, Inc. (NYSE:CRI) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 4,430,000 shares, a drop of 14.0% from the October 31st total of 5,150,000 shares. Approximately 12.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,230,000 shares, the short-interest ratio is presently 3.6 days.

Carter’s Price Performance

Shares of Carter’s stock opened at $56.87 on Tuesday. The stock has a market cap of $2.05 billion, a P/E ratio of 8.66, a P/E/G ratio of 3.28 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The stock’s fifty day moving average is $59.15 and its 200 day moving average is $62.71. Carter’s has a one year low of $50.27 and a one year high of $88.03.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.63%. Carter’s’s payout ratio is currently 50.79%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CRI shares. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a report on Tuesday, November 12th. Wells Fargo & Company decreased their target price on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $67.67.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in shares of Carter’s by 35.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock worth $3,619,000 after acquiring an additional 11,265 shares during the period. SG Americas Securities LLC bought a new position in Carter’s in the 2nd quarter worth approximately $671,000. Dynamic Technology Lab Private Ltd bought a new position in Carter’s in the 3rd quarter worth approximately $683,000. Easterly Investment Partners LLC raised its position in shares of Carter’s by 25.2% during the second quarter. Easterly Investment Partners LLC now owns 27,227 shares of the textile maker’s stock valued at $1,687,000 after buying an additional 5,484 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Carter’s by 48.6% in the third quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker’s stock worth $5,292,000 after buying an additional 26,650 shares in the last quarter.

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.