Carter's (NYSE:CRI) Sets New 12-Month Low - Should You Sell?

Shares of Carter's, Inc. (NYSE:CRI - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $50.11 and last traded at $50.71, with a volume of 722759 shares. The stock had previously closed at $51.20.

Analyst Ratings Changes

Several research firms have recently commented on CRI. Wells Fargo & Company decreased their price target on shares of Carter's from $72.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Monday, October 28th. Citigroup upgraded Carter's from a "sell" rating to a "neutral" rating and set a $50.00 price objective on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $67.67.

Carter's Stock Down 0.2 %

The business's fifty day simple moving average is $54.10 and its 200 day simple moving average is $59.11. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 3.27 and a beta of 1.21.

Carter's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 6.36%. The ex-dividend date was Monday, November 25th. Carter's's payout ratio is 50.79%.

Institutional Trading of Carter's

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. increased its stake 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 purchasing an additional 1,732,857 shares in the last quarter. Wellington Management Group LLP raised its stake in Carter's by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker's stock worth $100,422,000 after buying an additional 60,089 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Carter's by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock worth $67,518,000 after acquiring an additional 74,133 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Carter's by 40.5% in the fourth quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker's stock valued at $32,040,000 after acquiring an additional 170,528 shares during the period. Finally, Reinhart Partners LLC. increased its holdings in shares of Carter's by 13.6% in the third quarter. Reinhart Partners LLC. now owns 523,939 shares of the textile maker's stock worth $34,046,000 after acquiring an additional 62,749 shares in the last quarter.

About Carter's

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.