Carter's (NYSE:CRI) Reaches New 12-Month Low - Here's Why

Shares of Carter's, Inc. (NYSE:CRI - Get Free Report) hit a new 52-week low during trading 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.

Analysts Set New Price Targets

A number of research analysts have weighed in on CRI shares. Wells Fargo & Company dropped their price objective on shares of 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. UBS Group dropped their price target on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Finally, 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.

Carter's Stock Up 0.8 %

The stock's fifty day simple moving average is $43.41 and its 200-day simple moving average is $51.96. The stock has a market capitalization of $1.34 billion, a PE ratio of 5.90, a P/E/G ratio of 3.37 and a beta of 1.09. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

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

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Carter's Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 8.61%. The ex-dividend date was Monday, March 10th. Carter's's payout ratio is 62.62%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. raised its stake in shares of Carter's by 155.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock worth $154,500,000 after purchasing an additional 1,732,857 shares during the period. AQR Capital Management LLC raised its position in Carter's by 124.4% in the fourth quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker's stock worth $93,134,000 after acquiring an additional 964,494 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in Carter's by 108.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,126,468 shares of the textile maker's stock valued at $61,043,000 after acquiring an additional 584,850 shares during the last quarter. First Trust Advisors LP grew its position in shares of 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 valued at $104,042,000 after acquiring an additional 479,961 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Carter's by 10.4% during the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock worth $211,100,000 after purchasing an additional 366,293 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.