Carter's (NYSE:CRI) Reaches New 52-Week Low - Should You Sell?

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

Wall Street Analysts Forecast Growth

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

Carter's Trading Up 2.2%

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 firm has a market capitalization of $1.13 billion, a P/E ratio of 6.87 and a beta of 1.00. The business has a 50 day moving average of $33.44 and a 200-day moving average of $43.02.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.13. The company had revenue of $291.09 million during the quarter, compared to the consensus estimate of $624.86 million. Carter's had a net margin of 5.80% and a return on equity of 23.50%. The firm's revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Analysts anticipate that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd were issued a $0.25 dividend. This represents a dividend yield of 3.19%. This is a positive change from Carter's's previous dividend of $0.22. The ex-dividend date of this dividend was Monday, June 2nd. Carter's's payout ratio is 22.12%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Carter's by 10.4% during the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock worth $211,100,000 after acquiring an additional 366,293 shares in the last quarter. RWWM Inc. grew its position in Carter's by 145.3% in the first quarter. RWWM Inc. now owns 2,190,482 shares of the textile maker's stock valued at $89,591,000 after purchasing an additional 1,297,607 shares in the last quarter. First Trust Advisors LP increased its stake in Carter's by 33.3% in the 4th quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker's stock valued at $104,042,000 after buying an additional 479,961 shares during the last quarter. AQR Capital Management LLC lifted its position 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 worth $93,134,000 after buying an additional 964,494 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Carter's by 14,270.6% during the 1st quarter. Millennium Management LLC now owns 1,631,493 shares of the textile maker's stock worth $66,728,000 after buying an additional 1,620,140 shares during 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.