Carter's (NYSE:CRI) Hits New 52-Week Low - Here's What Happened

Carter's, Inc. (NYSE:CRI - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $48.08 and last traded at $45.24, with a volume of 6744 shares trading hands. The stock had previously closed at $52.06.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRI. Wells Fargo & Company dropped their target price on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a report on Wednesday. UBS Group dropped their target price on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, Citigroup dropped their target price on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, Carter's presently has a consensus rating of "Hold" and a consensus price target of $55.20.

Carter's Trading Down 2.0 %

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 stock's fifty day moving average price is $52.30 and its two-hundred day moving average price is $58.00. The company has a market capitalization of $1.49 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping the consensus estimate 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 period last year, the business posted $2.76 earnings per share. Carter's's quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts anticipate that Carter's, Inc. will post 5.15 earnings per share for the current year.

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Carter's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be issued a $0.80 dividend. The ex-dividend date is Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 7.75%. Carter's's dividend payout ratio (DPR) is presently 62.62%.

Institutional Trading of Carter's

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its holdings in Carter's by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after buying an additional 270 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Carter's during the third quarter valued at approximately $28,000. EverSource Wealth Advisors LLC increased its stake 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 purchasing an additional 507 shares in the last quarter. Colonial Trust Co SC bought a new position in shares of Carter's during the fourth quarter valued at approximately $29,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Carter's by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker's stock valued at $47,000 after purchasing an additional 500 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.