Macquarie Begins Coverage on Carter’s, Inc. (CRI) With An Initial Rating Of “Outperform”

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Carter’s, Inc. (NYSE:CRI).

On August 29, 2017 Macquarie issued its first research report on the stock by announcing an initial rating of “Outperform”.

The company is now up since yesterday’s close of 91.8. Carter’s, Inc. declared a dividend that was paid on Friday September 8th, 2017. The dividend was $0.370 per share for the quarter which comes to $1.48 on an annualized basis. This dividend represents a yield of $1.59. The ex-dividend date was set for Friday the 25th of August 2017.

Shares are trading at $91.83 a tad above the 50 day moving average which is $88.08 and which is a tad above the 200 day moving average of $88.09. The 50 day moving average was up $3.75 or +4.26% and the 200 day average moved up $3.74.

Carter’s, Inc. (Carter’s), launched on September 30, 2003, is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International. Its International segment includes company-operated retail stores and online Websites, wholesale operations, and royalty income from its international licensees. The Company markets products for consumers, and offer various product categories, including baby, sleepwear, play clothes, and related accessories..

Carter’s, Inc.’s P/E ratio is 18.01 and the market cap is 4.39B. As of the last earnings report the EPS was $5.10 and is expected to be $5.61 for the current year with 47,834,000 shares now outstanding. Next quarter’s EPS is expected be $2.23 with next year’s EPS anticipated to be $6.18.

Short traders are more bearish on shares of the company recently if you take a look at the motion in short interest. The firm recorded a rise in short interest from July 31, 2017 to August 15, 2017 of 4.28%. Short interest increased 138,248 over that period. With short interest at 3,368,510 and short average daily volume at 551,529, days to cover is 6.0 and the percentage of shorted shares was 0.07% on August 15.