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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday. Bank of America lowered 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. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.00.

View Our Latest Stock Analysis on CRI

Carter’s Price Performance

The company has a current ratio of 2.09, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm’s 50-day moving average price is $65.64 and its two-hundred day moving average price is $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.

Carter’s Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. RWWM Inc. bought a new stake in Carter’s during the second quarter valued at about $23,675,000. Pacer Advisors Inc. boosted its holdings in shares of Carter’s by 44.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock valued at $74,928,000 after buying an additional 371,681 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Carter’s by 50.7% in the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock worth $34,212,000 after buying an additional 186,894 shares during the last quarter. Reinhart Partners LLC. grew its position in shares of Carter’s by 67.3% in the 2nd quarter. Reinhart Partners LLC. now owns 461,190 shares of the textile maker’s stock worth $28,580,000 after buying an additional 185,458 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Carter’s by 29.2% during the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock worth $46,918,000 after acquiring an additional 170,960 shares in the last quarter.

About Carter’s

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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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