Carter’s (NYSE:CRI) Reaches New 12-Month Low – Here’s What Happened

Carter’s, Inc. (NYSE:CRI) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $50.11 and last traded at $50.71, with a volume of 722759 shares. The stock had previously closed at $51.20.

Analysts Set New Price Targets

A number of analysts have commented on CRI shares. Wells Fargo & Company reduced their target price 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 Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price on the stock in a report on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $67.67.

Carter’s Stock Down 0.2 %

The stock has a market capitalization of $1.81 billion, a P/E ratio of 7.99, a P/E/G ratio of 3.50 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The company’s 50-day moving average price is $54.10 and its 200 day moving average price is $59.12.

Carter’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.36%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s dividend payout ratio (DPR) is 50.79%.

Institutional Trading of Carter’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRI. GAMMA Investing LLC boosted its stake in Carter’s by 112.0% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after purchasing an additional 214 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Carter’s by 114.4% during the fourth 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. Capital Performance Advisors LLP purchased a new position in Carter’s during the third quarter valued at $28,000. Venturi Wealth Management LLC grew its stake in 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 acquiring an additional 500 shares in the last quarter. Finally, AlphaQuest LLC lifted its stake in Carter’s by 16,314.3% in the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker’s stock worth $62,000 after purchasing an additional 1,142 shares in the last quarter.

About Carter’s

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.