Carter’s (NYSE:CRI) Stock Price Down 3.8% – Here’s What Happened

Carter’s, Inc. (NYSE:CRI)’s share price fell 3.8% during trading on Monday . The company traded as low as $35.45 and last traded at $35.78. 419,936 shares were traded during trading, a decline of 71% from the average session volume of 1,427,909 shares. The stock had previously closed at $37.18.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CRI shares. Wells Fargo & Company cut their target price on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. UBS Group reduced their price objective on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, Citigroup decreased their target price on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th.

Carter’s Stock Down 2.3 %

The firm has a 50-day simple moving average of $42.84 and a 200 day simple moving average of $51.53. The stock has a market capitalization of $1.29 billion, a P/E ratio of 5.70, a P/E/G ratio of 3.37 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating 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 business had revenue of $859.70 million during the quarter, compared to analyst estimates of $835.82 million. During the same quarter last year, the business earned $2.76 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts forecast that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 8.92%. Carter’s’s dividend payout ratio is 62.62%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Carter’s by 10.4% in the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock valued at $211,100,000 after buying an additional 366,293 shares during the period. Pacer Advisors Inc. boosted its holdings in Carter’s by 155.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock valued at $154,500,000 after acquiring an additional 1,732,857 shares during the last quarter. First Trust Advisors LP raised its holdings in Carter’s by 33.3% during the 4th quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker’s stock worth $104,042,000 after purchasing an additional 479,961 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Carter’s by 124.4% in the 4th quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker’s stock worth $93,134,000 after purchasing an additional 964,494 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Carter’s by 13.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,248,489 shares of the textile maker’s stock valued at $67,651,000 after purchasing an additional 149,058 shares during 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.