Carter's (NYSE:CRI) Sets New 12-Month Low - Here's What Happened

Carter's, Inc. (NYSE:CRI - Get Free Report) hit a new 52-week low on Monday . The company traded as low as $29.36 and last traded at $29.78, with a volume of 484091 shares traded. The stock had previously closed at $30.78.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on CRI shares. Barclays started coverage on shares of Carter's in a report on Monday, April 28th. They issued an "underweight" rating and a $25.00 price objective for the company. UBS Group decreased their target price on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Citigroup decreased their target price on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company boosted their target price on shares of Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, Carter's currently has a consensus rating of "Reduce" and a consensus price target of $36.80.

Carter's Stock Performance

The firm has a market capitalization of $1.11 billion, a PE ratio of 6.75 and a beta of 1.00. The company has a current ratio of 2.56, a quick ratio of 1.40 and a debt-to-equity ratio of 0.59. The business's 50 day simple moving average is $33.13 and its two-hundred day simple moving average is $42.69.

Carter's (NYSE:CRI - Get Free Report) last announced its earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.13. The business had revenue of $291.09 million during the quarter, compared to analyst estimates of $624.86 million. Carter's had a net margin of 5.80% and a return on equity of 23.50%. The company's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. Research analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd were given a dividend of $0.25 per share. This is an increase from Carter's's previous dividend of $0.22. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 3.19%. Carter's's payout ratio is presently 22.12%.

Institutional Investors Weigh In On Carter's

A number of hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp grew its position in shares of Carter's by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after acquiring an additional 270 shares during the period. M&T Bank Corp grew its position in shares of Carter's by 7.2% during the 4th quarter. M&T Bank Corp now owns 4,073 shares of the textile maker's stock valued at $221,000 after acquiring an additional 272 shares during the period. Hsbc Holdings PLC grew its position in shares of Carter's by 7.1% during the 4th quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker's stock valued at $279,000 after acquiring an additional 347 shares during the period. Covestor Ltd grew its position in shares of Carter's by 18.6% during the 1st quarter. Covestor Ltd now owns 2,575 shares of the textile maker's stock valued at $106,000 after acquiring an additional 404 shares during the period. Finally, US Bancorp DE grew its position in shares of Carter's by 45.0% during the 1st quarter. US Bancorp DE now owns 1,408 shares of the textile maker's stock valued at $58,000 after acquiring an additional 437 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.