Carter's (NYSE:CRI) Sets New 1-Year Low - Here's Why

Shares of Carter's, Inc. (NYSE:CRI - Get Free Report) hit a new 52-week low on Tuesday . The stock traded as low as $31.07 and last traded at $32.03, with a volume of 1389730 shares trading hands. The stock had previously closed at $32.36.

Analysts Set New Price Targets

A number of research analysts recently commented on CRI shares. Wells Fargo & Company increased their price target on Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a report on Wednesday, May 14th. Citigroup reduced their target price 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. Barclays assumed coverage on shares of Carter's in a research report on Monday, April 28th. They set an "underweight" rating and a $25.00 price target for the company. Finally, UBS Group dropped their price target 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. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $36.80.

Carter's Stock Performance

The company has a fifty day moving average of $35.66 and a two-hundred day moving average of $45.72. The stock has a market capitalization of $1.14 billion, a P/E ratio of 4.98, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

Carter's (NYSE:CRI - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.13. The business had revenue of $291.09 million for the quarter, compared to analyst estimates of $624.86 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The business's revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.98 EPS. On average, equities analysts anticipate that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, June 3rd will be given a dividend of $0.25 per share. This represents a yield of 3.19%. The ex-dividend date is Monday, June 2nd. This is a positive change from Carter's's previous dividend of $0.22. Carter's's payout ratio is 22.12%.

Institutional Investors Weigh In On Carter's

Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in Carter's by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after purchasing an additional 270 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Carter's by 313.1% in the first quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock valued at $28,000 after buying an additional 548 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Carter's by 2,112.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock valued at $29,000 after acquiring an additional 507 shares during the last quarter. Colonial Trust Co SC bought a new stake in shares of Carter's during the 4th quarter worth $29,000. Finally, Parallel Advisors LLC grew its holdings in shares of Carter's by 80.9% in the 1st quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock worth $43,000 after acquiring an additional 475 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.