Carter’s (NYSE:CRI) Reaches New 1-Year Low – Should You Sell?

Carter’s, Inc. (NYSE:CRI)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $53.19 and last traded at $53.27, with a volume of 104461 shares trading hands. The stock had previously closed at $54.00.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CRI. Wells Fargo & Company dropped their price objective on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Bank of America decreased their price objective on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $70.00.

Carter’s Stock Performance

The business has a 50-day moving average of $64.59 and a two-hundred day moving average of $64.88. 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 company has a market cap of $1.90 billion, a P/E ratio of 8.57, a P/E/G ratio of 3.31 and a beta of 1.24.

Carter’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s payout ratio is currently 50.79%.

Hedge Funds Weigh In On Carter’s

A number of large investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in Carter’s during the 1st quarter worth $1,450,000. Janney Montgomery Scott LLC acquired a new stake in Carter’s in the first quarter worth about $278,000. Texas Permanent School Fund Corp grew its stake in shares of Carter’s by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 32,229 shares of the textile maker’s stock worth $2,729,000 after acquiring an additional 432 shares during the last quarter. Quantbot Technologies LP raised its position in shares of Carter’s by 2.3% in the 1st quarter. Quantbot Technologies LP now owns 13,178 shares of the textile maker’s stock valued at $1,116,000 after purchasing an additional 302 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in Carter’s in the 1st quarter worth approximately $6,991,000.

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.