Carter’s (NYSE:CRI) Reaches New 1-Year Low – What’s Next?

Shares of Carter’s, Inc. (NYSE:CRI) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $48.08 and last traded at $45.24, with a volume of 6744 shares traded. The stock had previously closed at $52.06.

Analysts Set New Price Targets

CRI has been the topic of a number of research reports. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a research report on Tuesday, November 12th. Wells Fargo & Company cut their target price on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $65.60.

Carter’s Stock Performance

The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 6.94, a P/E/G ratio of 3.37 and a beta of 1.21. The stock has a fifty day simple moving average of $53.36 and a two-hundred day simple moving average of $58.50. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

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 analysts’ consensus estimates of $1.87 by $0.52. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The firm had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. During the same period last year, the firm earned $2.76 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. Analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Carter’s

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Carter’s by 10.4% in the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock valued at $211,100,000 after purchasing an additional 366,293 shares in the last quarter. Pacer Advisors Inc. grew its position in Carter’s by 155.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock worth $154,500,000 after acquiring an additional 1,732,857 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of Carter’s by 33.3% in the fourth quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker’s stock worth $104,042,000 after purchasing an additional 479,961 shares during the last quarter. AQR Capital Management LLC raised its holdings in Carter’s by 124.4% during the 4th quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker’s stock valued at $93,134,000 after buying an additional 964,494 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Carter’s by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker’s stock valued at $100,422,000 after buying an additional 60,089 shares during the period.

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.