Carter's (NYSE:CRI) Shares Gap Down - Time to Sell?

Carter's, Inc. (NYSE:CRI - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $36.77, but opened at $32.98. Carter's shares last traded at $32.04, with a volume of 442,505 shares changing hands.

Analyst Upgrades and Downgrades

CRI has been the subject of a number of research reports. UBS Group reduced 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 report on Monday, April 28th. Citigroup reduced their price objective on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company upped their target price on Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a report on Wednesday, May 14th. Finally, Barclays began coverage on Carter's in a research report on Monday, April 28th. They issued an "underweight" rating and a $25.00 price target for the company. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $36.80.

Carter's Trading Down 3.0%

The firm has a fifty day moving average of $36.57 and a 200 day moving average of $46.32. The firm has a market capitalization of $1.14 billion, a PE ratio of 4.98, a P/E/G ratio of 3.37 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRI. Vanguard Group Inc. lifted its stake in Carter's by 10.4% during the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock valued at $211,100,000 after purchasing an additional 366,293 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Carter's by 155.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock valued at $154,500,000 after buying an additional 1,732,857 shares in the last quarter. RWWM Inc. lifted its position in shares of Carter's by 145.3% during the 1st quarter. RWWM Inc. now owns 2,190,482 shares of the textile maker's stock valued at $89,591,000 after acquiring an additional 1,297,607 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Carter's by 33.3% during the 4th quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker's stock valued at $104,042,000 after acquiring an additional 479,961 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Carter's by 124.4% during the 4th quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker's stock worth $93,134,000 after acquiring an additional 964,494 shares in the last quarter.

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.