Carter's (NYSE:CRI) Stock Price Down 2.8% - Should You Sell?

Carter's, Inc. (NYSE:CRI - Get Free Report)'s stock price traded down 2.8% during mid-day trading on Thursday . The company traded as low as $32.91 and last traded at $32.55. 40,769 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 1,299,991 shares. The stock had previously closed at $33.50.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CRI shares. Wells Fargo & Company boosted their target price on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a report on Wednesday, May 14th. UBS Group decreased their target price on Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Barclays initiated coverage on Carter's in a research note on Monday, April 28th. They issued an "underweight" rating and a $25.00 target price for the company. Finally, Citigroup reduced 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 report on Wednesday, February 26th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $36.80.

Carter's Price Performance

The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 4.78, a PEG ratio of 3.37 and a beta of 1.05. 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 50 day moving average price of $35.66 and a 200 day moving average price of $45.61.

Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings data 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 return on equity of 27.15% and a net margin of 8.11%. The firm had revenue of $291.09 million during the quarter, compared to analyst estimates of $624.86 million. During the same period last year, the company earned $0.98 earnings per share. The company's revenue was down 4.8% on a year-over-year basis. As a group, equities research analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, June 3rd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost from Carter's's previous dividend of $0.22. This represents a yield of 3.19%. Carter's's dividend payout ratio (DPR) is presently 22.12%.

Institutional Trading of Carter's

Several institutional investors and hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its stake in shares of 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 purchasing an additional 270 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Carter's by 2,112.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock worth $29,000 after buying an additional 507 shares during the last quarter. Colonial Trust Co SC acquired a new position in shares of Carter's during the 4th quarter worth about $29,000. Allworth Financial LP increased its stake in shares of Carter's by 313.1% in the 1st quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock valued at $28,000 after acquiring an additional 548 shares during the last quarter. Finally, True Wealth Design LLC raised its position in shares of Carter's by 173.0% in the 4th quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock valued at $49,000 after acquiring an additional 571 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.