Carter’s (NYSE:CRI) Reaches New 12-Month Low – Time to Sell?

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

Analysts Set New Price Targets

Several analysts recently commented on CRI shares. Citigroup cut their price objective on Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. UBS Group cut 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. Finally, Wells Fargo & Company cut their price target on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a report 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. According to data from MarketBeat.com, Carter’s currently has an average rating of “Hold” and a consensus price target of $49.00.

Carter’s Stock Down 0.4 %

The firm has a market cap of $1.47 billion, a P/E ratio of 6.49, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. 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 company has a fifty day simple moving average of $49.15 and a 200-day simple moving average of $55.85.

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

Carter’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date is Monday, March 10th. Carter’s’s dividend payout ratio (DPR) is 62.62%.

Hedge Funds Weigh In On Carter’s

A number of hedge funds have recently made changes to their positions in CRI. Jones Financial Companies Lllp boosted its stake in shares of Carter’s by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after acquiring an additional 270 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Carter’s by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock worth $29,000 after buying an additional 507 shares in the last quarter. Colonial Trust Co SC purchased a new stake in shares of Carter’s in the fourth quarter worth about $29,000. True Wealth Design LLC lifted its position in shares of Carter’s by 173.0% in the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker’s stock worth $49,000 after buying an additional 571 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Carter’s by 36.9% in the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after buying an additional 268 shares in the last quarter.

Carter’s Company Profile

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.