Carter’s (NYSE:CRI) Reaches New 52-Week Low at $62.23

Carter’s, Inc. (NYSE:CRI) shares hit a new 52-week low on Thursday . The company traded as low as $62.23 and last traded at $62.31, with a volume of 51503 shares traded. The stock had previously closed at $63.51.

Analyst Ratings Changes

A number of analysts have commented on CRI shares. StockNews.com cut shares of Carter’s from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. UBS Group boosted their price objective on shares of Carter’s from $76.00 to $79.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. Wells Fargo & Company lowered their price objective on shares of Carter’s from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 24th. Citigroup lowered their price objective on shares of Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a research note on Thursday, April 18th. Finally, Evercore ISI boosted their price objective on shares of Carter’s from $70.00 to $80.00 and gave the stock an “in-line” rating in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $73.80.

Carter’s Stock Performance

The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 3.13 and a beta of 1.27. The stock’s 50 day moving average is $67.81 and its 200 day moving average is $74.50. The company has a current ratio of 2.43, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Friday, April 26th. The textile maker reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.33. The business had revenue of $661.49 million for the quarter, compared to analyst estimates of $633.05 million. Carter’s had a net margin of 8.06% and a return on equity of 28.55%. Analysts anticipate that Carter’s, Inc. will post 6.3 earnings per share for the current year.

Carter’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend was Friday, May 24th. Carter’s’s dividend payout ratio is currently 50.47%.

Institutional Trading of Carter’s

A number of institutional investors have recently bought and sold shares of the business. LSV Asset Management boosted its holdings in Carter’s by 3.4% in the 4th quarter. LSV Asset Management now owns 1,229,812 shares of the textile maker’s stock valued at $92,101,000 after purchasing an additional 39,976 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of Carter’s by 0.3% during the 4th quarter. Boston Trust Walden Corp now owns 1,135,092 shares of the textile maker’s stock worth $85,007,000 after acquiring an additional 3,570 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Carter’s by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 933,576 shares of the textile maker’s stock worth $69,916,000 after acquiring an additional 18,008 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Carter’s by 59.3% during the 4th quarter. Pacer Advisors Inc. now owns 632,671 shares of the textile maker’s stock worth $47,381,000 after acquiring an additional 235,431 shares during the period. Finally, Reinhart Partners LLC. lifted its holdings in shares of Carter’s by 11.7% during the 4th quarter. Reinhart Partners LLC. now owns 626,380 shares of the textile maker’s stock worth $46,910,000 after acquiring an additional 65,703 shares during the period.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.