Carter’s (NYSE:CRI) Hits New 12-Month Low – Time to Sell?

Carter’s, Inc. (NYSE:CRI)’s share price hit a new 52-week low on Monday . The company traded as low as $34.40 and last traded at $36.60, with a volume of 2399494 shares. The stock had previously closed at $35.57.

Wall Street Analysts Forecast Growth

CRI has been the topic of several recent analyst reports. Citigroup dropped their target price on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company cut their price target on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Finally, UBS Group decreased their price target on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research report 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.00.

Carter’s Price Performance

The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 5.73, a price-to-earnings-growth ratio of 3.37 and a beta of 1.09. 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 company’s 50-day moving average is $45.81 and its 200-day moving average is $53.26.

Carter’s (NYSE:CRI) last issued its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.52. The business had revenue of $859.70 million during the quarter, compared to analysts’ expectations of $835.82 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. Carter’s’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.76 EPS. Equities research analysts expect that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date of this dividend was Monday, March 10th. Carter’s’s dividend payout ratio is currently 62.62%.

Institutional Trading of Carter’s

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its holdings in Carter’s by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after acquiring an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC grew 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 during the last quarter. Colonial Trust Co SC acquired a new stake in shares of Carter’s in the fourth quarter valued at approximately $29,000. True Wealth Design LLC raised its position in Carter’s by 173.0% in the 4th quarter. True Wealth Design LLC now owns 901 shares of the textile maker’s stock worth $49,000 after purchasing an additional 571 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Carter’s by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after buying an additional 268 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.