Carter’s (NYSE:CRI) Reaches New 52-Week Low – Time to Sell?

Carter’s, Inc. (NYSE:CRI) shares reached a new 52-week low on Monday . The stock traded as low as $38.84 and last traded at $39.37, with a volume of 76355 shares changing hands. The stock had previously closed at $39.79.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CRI shares. UBS Group decreased their price target on Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Citigroup dropped their price target on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price objective on Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, Carter’s presently has a consensus rating of “Hold” and a consensus price target of $49.00.

Carter’s Trading Up 1.7 %

The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The stock’s fifty day simple moving average is $49.65 and its two-hundred day simple moving average is $56.21. The firm has a market cap of $1.46 billion, a PE ratio of 6.41, a PEG ratio of 3.37 and a beta of 1.24.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.52. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The firm had revenue of $859.70 million during the quarter, compared to analyst estimates of $835.82 million. During the same period in the previous year, the business posted $2.76 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts forecast that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.91%. Carter’s’s dividend payout ratio is currently 62.62%.

Institutional Trading of Carter’s

Institutional investors have recently added to or reduced their stakes in the company. Atria Investments Inc boosted its holdings in Carter’s by 78.8% in the third quarter. Atria Investments Inc now owns 6,161 shares of the textile maker’s stock valued at $400,000 after purchasing an additional 2,715 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Carter’s by 1.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker’s stock valued at $1,890,000 after purchasing an additional 383 shares during the last quarter. Victory Capital Management Inc. grew its stake in Carter’s by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 158,068 shares of the textile maker’s stock worth $10,271,000 after purchasing an additional 1,371 shares in the last quarter. Pathstone Holdings LLC raised its holdings in Carter’s by 6.3% in the third quarter. Pathstone Holdings LLC now owns 24,748 shares of the textile maker’s stock valued at $1,608,000 after acquiring an additional 1,474 shares in the last quarter. Finally, Caprock Group LLC lifted its holdings in Carter’s by 42.2% during the 3rd quarter. Caprock Group LLC now owns 8,222 shares of the textile maker’s stock worth $534,000 after buying an additional 2,442 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.