Carter’s (NYSE:CRI) Sets New 52-Week Low – Time to Sell?

Carter’s, Inc. (NYSE:CRI)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $50.11 and last traded at $50.71, with a volume of 722759 shares trading hands. The stock had previously closed at $51.20.

Analyst Upgrades and Downgrades

CRI has been the topic of several analyst reports. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price on the stock in a research report on Tuesday, November 12th. Wells Fargo & Company reduced 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, October 28th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.67.

Carter’s Stock Down 0.2 %

The company has a market cap of $1.81 billion, a P/E ratio of 7.99, a P/E/G ratio of 3.50 and a beta of 1.21. The company has a 50-day simple moving average of $54.10 and a 200 day simple moving average of $59.12. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

Carter’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 6.36%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s dividend payout ratio is presently 50.79%.

Institutional Investors Weigh In On Carter’s

Several large investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its stake in shares of Carter’s by 155.0% during the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock valued at $154,500,000 after acquiring an additional 1,732,857 shares in the last quarter. Wellington Management Group LLP raised its position in Carter’s by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker’s stock valued at $100,422,000 after purchasing an additional 60,089 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Carter’s by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker’s stock worth $67,518,000 after buying an additional 74,133 shares during the period. Allianz Asset Management GmbH increased its stake in shares of Carter’s by 40.5% during the fourth quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker’s stock valued at $32,040,000 after buying an additional 170,528 shares during the period. Finally, Reinhart Partners LLC. increased its stake in shares of Carter’s by 13.6% during the third quarter. Reinhart Partners LLC. now owns 523,939 shares of the textile maker’s stock valued at $34,046,000 after buying an additional 62,749 shares during the period.

About Carter’s

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.