Carter's (NYSE:CRI) Reaches New 12-Month Low - Time to Sell?

Carter's, Inc. (NYSE:CRI - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The stock traded as low as $50.27 and last traded at $50.48, with a volume of 47838 shares changing hands. The stock had previously closed at $51.73.

Wall Street Analysts Forecast Growth

CRI has been the subject of a number of research analyst reports. Citigroup raised shares of Carter's from a "sell" rating to a "neutral" rating and set a $50.00 price target for the company in a research report on Tuesday, November 12th. Wells Fargo & Company cut their target price on shares of Carter's from $72.00 to $65.00 and set an "equal weight" rating for the company in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $67.67.

Carter's Trading Down 1.1 %

The company has a fifty day simple moving average of $54.21 and a two-hundred day simple moving average of $60.51. The company has a market capitalization of $1.84 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 3.28 and a beta of 1.22. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date of this dividend was Monday, November 25th. Carter's's payout ratio is 50.79%.

Hedge Funds Weigh In On Carter's

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of Carter's by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker's stock worth $26,000 after purchasing an additional 214 shares during the period. Covestor Ltd increased its position in Carter's by 15.3% in the 3rd quarter. Covestor Ltd now owns 2,031 shares of the textile maker's stock worth $132,000 after buying an additional 270 shares during the period. Abich Financial Wealth Management LLC lifted its holdings in shares of Carter's by 67.6% during the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker's stock worth $53,000 after buying an additional 346 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Carter's by 1.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker's stock valued at $1,890,000 after acquiring an additional 383 shares during the period. Finally, Public Employees Retirement System of Ohio grew its stake in shares of Carter's by 2.3% in the third quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker's stock worth $1,147,000 after acquiring an additional 396 shares during the last quarter.

About Carter's

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.