Carter’s (NYSE:CRI) Hits New 1-Year Low – Should You Sell?

by · The Cerbat Gem

Carter’s, Inc. (NYSE:CRI – Get Free Report)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $54.35 and last traded at $54.52, with a volume of 232916 shares trading hands. The stock had previously closed at $55.60.

Wall Street Analyst Weigh In

CRI has been the subject of several research analyst reports. Bank of America cut their price target on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a report on Monday, July 29th. Wells Fargo & Company lowered their target price on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, Carter’s has an average rating of “Hold” and a consensus price target of $70.00.

Check Out Our Latest Report on CRI

Carter’s Trading Down 3.2 %

The stock has a fifty day moving average price of $65.64 and a 200 day moving average price of $65.41. The stock has a market cap of $1.96 billion, a PE ratio of 8.77, a PEG ratio of 3.86 and a beta of 1.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 2.09.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.95%. The ex-dividend date was Tuesday, August 27th. Carter’s’s dividend payout ratio is currently 50.47%.

Hedge Funds Weigh In On Carter’s

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Carter’s by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after purchasing an additional 214 shares during the last quarter. Gladius Capital Management LP bought a new stake in shares of Carter’s during the 2nd quarter worth approximately $30,000. CWM LLC boosted its holdings in Carter’s by 431.3% during the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 483 shares during the period. Abich Financial Wealth Management LLC grew its position in Carter’s by 67.6% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 346 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in Carter’s in the first quarter worth $77,000.

About Carter’s

(Get Free Report)

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.

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