Carter's (NYSE:CRI) Reaches New 1-Year Low - Should You Sell?

Shares of Carter's, Inc. (NYSE:CRI - Get Free Report) hit a new 52-week low on Monday . The stock traded as low as $29.83 and last traded at $29.98, with a volume of 459697 shares traded. The stock had previously closed at $31.12.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CRI shares. UBS Group reduced their price objective on Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Barclays assumed coverage on shares of Carter's in a research note on Monday, April 28th. They issued an "underweight" rating and a $25.00 price target on the stock. Citigroup decreased their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company increased their price objective 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 investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, Carter's has a consensus rating of "Reduce" and an average target price of $36.80.

Carter's Stock Up 1.5%

The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 5.05, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average price of $34.86 and a 200 day moving average price of $45.12.

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

Carter's Increases Dividend

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

Institutional Trading of Carter's

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its stake in shares of Carter's by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after purchasing an additional 268 shares during the last quarter. Jones Financial Companies Lllp raised 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 worth $27,000 after buying an additional 270 shares during the last quarter. M&T Bank Corp lifted its holdings in Carter's by 7.2% in the fourth quarter. M&T Bank Corp now owns 4,073 shares of the textile maker's stock valued at $221,000 after buying an additional 272 shares during the period. Hsbc Holdings PLC boosted its position in Carter's by 7.1% during the fourth 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 last quarter. Finally, Covestor Ltd grew its holdings in Carter's by 18.6% during the 1st quarter. Covestor Ltd now owns 2,575 shares of the textile maker's stock worth $106,000 after acquiring an additional 404 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.