Carter’s (NYSE:CRI) Stock Price Down 6.2% – What’s Next?

Carter’s, Inc. (NYSE:CRI) shares were down 6.2% during mid-day trading on Tuesday . The company traded as low as $41.85 and last traded at $41.23. Approximately 124,898 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,070,529 shares. The stock had previously closed at $43.96.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CRI. Wells Fargo & Company reduced their target price on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. UBS Group reduced their price target on Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, Citigroup cut their price objective on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $49.00.

Carter’s Stock Down 6.0 %

The business has a fifty day moving average of $50.72 and a 200-day moving average of $56.96. The stock has a market cap of $1.49 billion, a PE ratio of 6.56, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. 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 (NYSE:CRI) last released its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.52. The firm had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $2.76 earnings per share. Equities research analysts anticipate that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be issued a $0.80 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.74%. Carter’s’s dividend payout ratio is presently 62.62%.

Institutional Trading of Carter’s

Institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its position in shares of Carter’s by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 270 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Carter’s during the 3rd quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of Carter’s by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock worth $29,000 after buying an additional 507 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of Carter’s during the fourth quarter worth $29,000. Finally, Venturi Wealth Management LLC grew its holdings in shares of Carter’s by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 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.