Carter’s (NYSE:CRI) Hits New 12-Month Low at $59.94

Carter’s, Inc. (NYSE:CRI) reached a new 52-week low during trading on Wednesday . The stock traded as low as $59.94 and last traded at $60.17, with a volume of 97358 shares changing hands. The stock had previously closed at $61.38.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CRI shares. Citigroup lowered their price objective on shares of Carter’s from $66.00 to $64.00 and set a “sell” rating for the company in a research report on Thursday, April 18th. Wells Fargo & Company dropped their price target on Carter’s from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 24th. Finally, StockNews.com lowered Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.80.

Carter’s Stock Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 2.43 and a quick ratio of 1.30. The stock has a fifty day moving average price of $66.08 and a two-hundred day moving average price of $73.71. The company has a market cap of $2.20 billion, a P/E ratio of 9.68, a PEG ratio of 3.08 and a beta of 1.22.

Carter’s (NYSE:CRI) last announced its earnings results on Friday, April 26th. The textile maker reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.33. Carter’s had a return on equity of 28.55% and a net margin of 8.06%. The firm had revenue of $661.49 million for the quarter, compared to the consensus estimate of $633.05 million. On average, equities analysts forecast that Carter’s, Inc. will post 6.3 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, May 28th were given a $0.80 dividend. The ex-dividend date was Friday, May 24th. This represents a $3.20 dividend on an annualized basis and a yield of 5.31%. Carter’s’s dividend payout ratio is presently 50.47%.

Institutional Trading of Carter’s

A number of hedge funds and other institutional investors have recently made changes to their positions in CRI. Ables Iannone Moore & Associates Inc. bought a new stake in Carter’s during the fourth quarter worth approximately $37,000. CWM LLC increased its position in shares of Carter’s by 431.3% during the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 483 shares during the period. Blue Trust Inc. raised its stake in shares of Carter’s by 28.6% in the 4th quarter. Blue Trust Inc. now owns 630 shares of the textile maker’s stock worth $44,000 after buying an additional 140 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Carter’s by 457.2% in the fourth quarter. Parallel Advisors LLC now owns 808 shares of the textile maker’s stock valued at $61,000 after buying an additional 663 shares during the period. Finally, LRI Investments LLC bought a new position in Carter’s during the first quarter valued at about $77,000.

Carter’s Company Profile

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.