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

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

Analysts Set New Price Targets

Several research analysts recently commented on CRI shares. UBS Group reduced their price objective on Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday. Barclays assumed coverage on shares of Carter's in a report on Monday. They issued an "underweight" rating and a $25.00 target price for the company. Citigroup cut their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company downgraded Carter's from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $40.00 to $25.00 in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat.com, Carter's presently has an average rating of "Reduce" and an average target price of $36.20.

Carter's Stock Performance

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 stock's 50 day moving average price is $38.63 and its two-hundred day moving average price is $49.10. The firm has a market capitalization of $1.26 billion, a PE ratio of 5.55, a PEG ratio of 3.37 and a beta of 1.09.

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

Carter's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 9.15%. The ex-dividend date of this dividend was Monday, March 10th. Carter's's dividend payout ratio (DPR) is currently 70.80%.

Institutional Trading of Carter's

Large investors have recently added to or reduced their stakes in the company. Easterly Investment Partners LLC grew its stake in Carter's by 90.5% during the 1st quarter. Easterly Investment Partners LLC now owns 61,468 shares of the textile maker's stock valued at $2,514,000 after acquiring an additional 29,200 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Carter's during the 1st quarter valued at $3,295,000. Alps Advisors Inc. increased its stake in shares of Carter's by 7.7% in the first quarter. Alps Advisors Inc. now owns 163,727 shares of the textile maker's stock worth $6,696,000 after acquiring an additional 11,773 shares during the last quarter. Allworth Financial LP raised its holdings in shares of Carter's by 313.1% during the first quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock worth $28,000 after acquiring an additional 548 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Carter's by 39.6% during the first quarter. Nisa Investment Advisors LLC now owns 21,400 shares of the textile maker's stock valued at $875,000 after purchasing an additional 6,070 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.