Carter’s (NYSE:CRI) Reaches New 12-Month Low – Should You Sell?

Carter’s, Inc. (NYSE:CRI) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $50.27 and last traded at $50.48, with a volume of 47838 shares trading hands. The stock had previously closed at $51.73.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wells Fargo & Company reduced their target price on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $67.67.

Carter’s Trading Down 1.3 %

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 has a market capitalization of $1.84 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 3.28 and a beta of 1.22. The business has a fifty day moving average price of $54.30 and a 200 day moving average price of $60.57.

Carter’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is currently 50.79%.

Institutional Trading of Carter’s

Institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new stake in Carter’s in the 3rd quarter valued at $683,000. Hotchkis & Wiley Capital Management LLC lifted its stake in Carter’s by 79.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker’s stock valued at $9,913,000 after purchasing an additional 67,460 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in Carter’s by 48.6% during the third quarter. Harbor Capital Advisors Inc. now owns 81,435 shares of the textile maker’s stock worth $5,292,000 after purchasing an additional 26,650 shares during the period. Empowered Funds LLC increased its position in Carter’s by 10.4% during the third quarter. Empowered Funds LLC now owns 122,231 shares of the textile maker’s stock worth $7,943,000 after buying an additional 11,480 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Carter’s by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock valued at $76,144,000 after buying an additional 42,589 shares during the period.

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.