Carter’s (NYSE:CRI) Reaches New 12-Month Low – Should You Sell?

Shares of Carter’s, Inc. (NYSE:CRI) reached a new 52-week low during trading on Wednesday . The company traded as low as $50.27 and last traded at $50.48, with a volume of 47838 shares traded. The stock had previously closed at $51.73.

Analysts Set New Price Targets

Several research firms have commented on CRI. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective on the stock in a report on Tuesday, November 12th. Wells Fargo & Company lowered their price target on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $67.67.

Carter’s Stock Performance

The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.84 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 3.28 and a beta of 1.22. The company has a 50 day moving average price of $54.30 and a 200-day moving average price of $60.57.

Carter’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 6.27%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s payout ratio is 50.79%.

Institutional Investors Weigh In On Carter’s

A number of hedge funds have recently made changes to their positions in the stock. RWWM Inc. bought a new position in Carter’s in the 2nd quarter valued at approximately $23,675,000. Pacer Advisors Inc. lifted its stake 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 acquiring an additional 371,681 shares during the last quarter. AQR Capital Management LLC lifted its stake 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 valued at $34,212,000 after acquiring an additional 186,894 shares during the last quarter. American Century Companies Inc. boosted its holdings 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 valued at $46,918,000 after acquiring an additional 170,960 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in Carter’s during the 2nd quarter worth $9,760,000.

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.