Carter's (NYSE:CRI) Reaches New 12-Month Low - What's Next?

Shares of Carter's, Inc. (NYSE:CRI - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $38.84 and last traded at $39.37, with a volume of 76355 shares changing hands. The stock had previously closed at $39.79.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CRI. Citigroup dropped their price objective on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. UBS Group reduced their price objective on Carter's from $57.00 to $49.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company lowered their target price on Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a research note 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's stock. According to MarketBeat.com, Carter's currently has a consensus rating of "Hold" and a consensus price target of $49.00.

Carter's Stock Performance

The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. 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 50-day simple moving average of $48.72 and a 200-day simple moving average of $55.64.

Carter's (NYSE:CRI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.52. The firm had revenue of $859.70 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the company posted $2.76 earnings per share. On average, analysts anticipate that Carter's, Inc. will post 5.15 earnings per share for the current year.

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Carter's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 7.84%. The ex-dividend date of this dividend is Monday, March 10th. Carter's's payout ratio is currently 62.62%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in Carter's by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after purchasing an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC raised 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 worth $29,000 after purchasing an additional 507 shares during the period. Colonial Trust Co SC bought a new position in shares of Carter's in the 4th quarter worth about $29,000. True Wealth Design LLC boosted its holdings in shares of Carter's by 173.0% in the 4th 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 period. Finally, Venturi Wealth Management LLC grew its position in shares of Carter's by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after buying an additional 268 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.