Carter’s (NYSE:CRI) Sets New 1-Year Low at $59.70

Carter’s, Inc. (NYSE:CRI)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $59.70 and last traded at $59.86, with a volume of 124699 shares traded. The stock had previously closed at $60.42.

Analyst Ratings Changes

CRI has been the topic of a number of recent research reports. StockNews.com lowered shares of Carter’s from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Citigroup cut their target price 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, Wells Fargo & Company cut their target price 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. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $73.80.

Carter’s Price Performance

The stock’s 50 day moving average is $64.52 and its two-hundred day moving average is $72.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.43 and a quick ratio of 1.30. The stock has a market capitalization of $2.16 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 3.03 and a beta of 1.22.

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

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors 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 5.40%. The ex-dividend date of this dividend was Friday, May 24th. Carter’s’s dividend payout ratio (DPR) is 50.47%.

Hedge Funds Weigh In On Carter’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRI. Wasatch Advisors LP acquired a new position in Carter’s in the first quarter valued at approximately $45,011,000. Norges Bank acquired a new stake in shares of Carter’s in the fourth quarter valued at approximately $31,193,000. Reinhart Partners LLC. boosted its holdings in shares of Carter’s by 67.3% in the second quarter. Reinhart Partners LLC. now owns 461,190 shares of the textile maker’s stock valued at $28,580,000 after acquiring an additional 185,458 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Carter’s by 189.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 265,680 shares of the textile maker’s stock valued at $19,897,000 after acquiring an additional 173,855 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Carter’s by 585.0% in the fourth quarter. BNP Paribas Financial Markets now owns 111,163 shares of the textile maker’s stock valued at $8,325,000 after acquiring an additional 94,935 shares during the period.

Carter’s Company Profile

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.