Carter’s (NYSE:CRI) Hits New 52-Week Low – Should You Sell?

Carter’s, Inc. (NYSE:CRI) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $50.11 and last traded at $50.71, with a volume of 722759 shares. The stock had previously closed at $51.20.

Analyst Upgrades and Downgrades

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

Carter’s Trading Down 1.0 %

The stock’s 50 day moving average is $54.28 and its 200-day moving average is $59.26. The company has a market cap of $1.83 billion, a P/E ratio of 8.05, a PEG ratio of 3.50 and a beta of 1.21. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 annualized dividend and a dividend yield of 6.31%. Carter’s’s dividend payout ratio is presently 50.79%.

Institutional Investors Weigh In On Carter’s

Several institutional investors and hedge funds have recently made changes to their positions in CRI. GAMMA Investing LLC boosted its stake 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 last quarter. Capital Performance Advisors LLP bought a new position in shares of Carter’s during the third quarter valued at $28,000. Venturi Wealth Management LLC boosted its position in shares of Carter’s by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares during the last quarter. Truvestments Capital LLC bought a new stake in Carter’s in the 3rd quarter worth about $74,000. Finally, SRS Capital Advisors Inc. raised its position in Carter’s by 8,394.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,614 shares of the textile maker’s stock worth $87,000 after buying an additional 1,595 shares during the last quarter.

About Carter’s

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.