Carter’s (NYSE:CRI) Hits New 12-Month Low – What’s Next?

Carter’s, Inc. (NYSE:CRI) reached a new 52-week low during trading on Thursday . The company traded as low as $54.35 and last traded at $54.52, with a volume of 232916 shares changing hands. The stock had previously closed at $55.60.

Wall Street Analyst Weigh In

A number of research analysts have commented on CRI shares. 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. Bank of America lowered their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, Carter’s presently has an average rating of “Hold” and an average target price of $70.00.

Carter’s Stock Down 1.3 %

The business’s 50 day moving average is $65.19 and its 200 day moving average is $65.22. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 3.41 and a beta of 1.23. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s dividend payout ratio (DPR) is presently 50.79%.

Institutional Trading of Carter’s

Several institutional investors and hedge funds have recently bought and sold shares of CRI. State of Michigan Retirement System increased its holdings in shares of Carter’s by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 9,029 shares of the textile maker’s stock valued at $765,000 after purchasing an additional 200 shares in the last quarter. GAMMA Investing LLC boosted its stake in Carter’s by 112.0% during 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 last quarter. Covestor Ltd boosted its stake in Carter’s by 15.3% during the 3rd quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock worth $132,000 after purchasing an additional 270 shares during the last quarter. Quantbot Technologies LP boosted its stake in Carter’s by 2.3% during the 1st quarter. Quantbot Technologies LP now owns 13,178 shares of the textile maker’s stock worth $1,116,000 after purchasing an additional 302 shares during the last quarter. Finally, Abich Financial Wealth Management LLC boosted its position in shares of Carter’s by 67.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 346 shares during the last quarter.

About Carter’s

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.