Carter's (NYSE:CRI) Reaches New 1-Year Low - What's Next?

Carter's, Inc. (NYSE:CRI - Get Free Report) shares reached a new 52-week low on Wednesday . The stock traded as low as $31.90 and last traded at $32.61, with a volume of 11497 shares. The stock had previously closed at $33.90.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company downgraded shares of Carter's from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $40.00 to $25.00 in a research note on Wednesday, April 30th. 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 objective on the stock. Citigroup reduced their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Finally, UBS Group lowered their price target on Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, Carter's presently has a consensus rating of "Reduce" and an average target price of $36.20.

Carter's Stock Down 3.0 %

The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.24 billion, a P/E ratio of 5.39, a PEG ratio of 3.37 and a beta of 1.05. The stock has a 50 day moving average price of $38.63 and a 200 day moving average price of $48.84.

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

Carter's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a $0.80 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 9.44%. Carter's's dividend payout ratio (DPR) is presently 70.80%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CRI. Raymond James Financial Inc. acquired a new position in Carter's in the fourth quarter valued at $1,609,000. Charles Schwab Investment Management Inc. boosted its position in shares of Carter's by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock valued at $67,518,000 after purchasing an additional 74,133 shares in the last quarter. Principal Financial Group Inc. grew its stake in Carter's by 109.0% during the fourth quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker's stock worth $9,473,000 after purchasing an additional 91,162 shares during the period. Ruffer LLP bought a new stake in Carter's in the fourth quarter worth approximately $635,000. Finally, William Blair Investment Management LLC lifted its stake in Carter's by 1.9% in the fourth quarter. William Blair Investment Management LLC now owns 530,582 shares of the textile maker's stock valued at $28,752,000 after buying an additional 9,675 shares during the period.

Carter's Company Profile

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.