Carter's (NYSE:CRI) Shares Gap Down - What's Next?

Carter's, Inc. (NYSE:CRI - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $55.64, but opened at $53.93. Carter's shares last traded at $54.58, with a volume of 79,778 shares changing hands.

Analyst Ratings Changes

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

Carter's Trading Down 0.8 %

The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The company has a market cap of $1.99 billion, a PE ratio of 8.76, a PEG ratio of 3.28 and a beta of 1.23. The firm's 50 day moving average is $56.56 and its 200 day moving average is $61.48.

Carter's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 5.80%. The ex-dividend date of this dividend was Monday, November 25th. Carter's's dividend payout ratio is 50.79%.

Hedge Funds Weigh In On Carter's

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RWWM Inc. bought a new position in shares of Carter's in the 2nd quarter worth $23,675,000. Pacer Advisors Inc. increased its stake in Carter's by 44.4% in the second quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker's stock valued at $74,928,000 after acquiring an additional 371,681 shares during the last quarter. AQR Capital Management LLC raised its position in Carter's by 50.7% during the second quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker's stock valued at $34,212,000 after purchasing an additional 186,894 shares in the last quarter. American Century Companies Inc. lifted its stake in Carter's by 29.2% during the second quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker's stock worth $46,918,000 after purchasing an additional 170,960 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of Carter's in the 2nd quarter worth about $9,760,000.

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.