Carter’s (NYSE:CRI) Sets New 52-Week Low at $62.23

Shares of Carter’s, Inc. (NYSE:CRI) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $62.23 and last traded at $62.31, with a volume of 51503 shares. The stock had previously closed at $63.51.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CRI shares. Citigroup lowered their price target on Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a research report on Thursday, April 18th. Evercore ISI increased their price target on Carter’s from $70.00 to $80.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 28th. UBS Group increased their price target on Carter’s from $76.00 to $79.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. StockNews.com downgraded Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company lowered their price target on Carter’s from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, Carter’s has an average rating of “Hold” and an average target price of $73.80.

Carter’s Stock Performance

The firm has a market cap of $2.27 billion, a PE ratio of 10.02, a P/E/G ratio of 3.13 and a beta of 1.27. The firm has a 50-day moving average price of $67.81 and a two-hundred day moving average price of $74.50. The company has a quick ratio of 1.30, a current ratio of 2.43 and a debt-to-equity ratio of 0.59.

Carter’s (NYSE:CRI) last released its earnings results on Friday, April 26th. The textile maker reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.33. Carter’s had a return on equity of 28.55% and a net margin of 8.06%. The business had revenue of $661.49 million for the quarter, compared to the consensus estimate of $633.05 million. Research analysts forecast that Carter’s, Inc. will post 6.3 EPS for the current fiscal year.

Carter’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, May 28th were issued a $0.80 dividend. The ex-dividend date was Friday, May 24th. This represents a $3.20 annualized dividend and a dividend yield of 5.15%. Carter’s’s dividend payout ratio is presently 50.47%.

Institutional Investors Weigh In On Carter’s

Several hedge funds and other institutional investors have recently made changes to their positions in CRI. Ables Iannone Moore & Associates Inc. acquired a new stake in Carter’s during the fourth quarter worth $37,000. Blue Trust Inc. increased its stake in Carter’s by 28.6% during the fourth quarter. Blue Trust Inc. now owns 630 shares of the textile maker’s stock worth $44,000 after acquiring an additional 140 shares during the last quarter. Parallel Advisors LLC increased its stake in Carter’s by 457.2% during the fourth quarter. Parallel Advisors LLC now owns 808 shares of the textile maker’s stock worth $61,000 after acquiring an additional 663 shares during the last quarter. LRI Investments LLC acquired a new stake in Carter’s during the first quarter worth $77,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Carter’s during the first quarter worth $121,000.

About Carter’s

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.