Carter’s (NYSE:CRI) Reaches New 1-Year Low – What’s Next?

Shares of Carter’s, Inc. (NYSE:CRI) reached a new 52-week low on Monday . The company traded as low as $34.40 and last traded at $36.60, with a volume of 2399494 shares trading hands. The stock had previously closed at $35.57.

Wall Street Analysts Forecast Growth

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

Carter’s Stock Performance

The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 5.73, a P/E/G ratio of 3.37 and a beta of 1.09. 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 50 day simple moving average of $45.81 and a 200 day simple moving average of $53.26.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $0.52. The firm had revenue of $859.70 million for 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 revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the firm posted $2.76 earnings per share. As a group, equities research analysts forecast that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 8.87%. The ex-dividend date of this dividend was Monday, March 10th. Carter’s’s dividend payout ratio is currently 62.62%.

Institutional Trading of Carter’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its position in Carter’s by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Carter’s by 2,112.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 507 shares in the last quarter. Colonial Trust Co SC acquired a new position in Carter’s during the fourth quarter worth $29,000. True Wealth Design LLC grew its holdings in shares of Carter’s by 173.0% during the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker’s stock valued at $49,000 after buying an additional 571 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in Carter’s by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after purchasing 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.