Carter’s (NYSE:CRI) Sets New 12-Month Low – What’s Next?

Carter’s, Inc. (NYSE:CRI) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $48.08 and last traded at $45.24, with a volume of 6744 shares traded. The stock had previously closed at $52.06.

Analyst Ratings Changes

Several research firms have recently weighed in on CRI. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price target for the company in a research note on Tuesday, November 12th. Wells Fargo & Company decreased their price objective on 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 research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $65.60.

Carter’s Stock Down 16.1 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The business’s fifty day moving average is $53.36 and its two-hundred day moving average is $58.50. The company has a market cap of $1.57 billion, a P/E ratio of 6.94, a price-to-earnings-growth ratio of 3.37 and a beta of 1.21.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.52. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The business had revenue of $859.70 million for the quarter, compared to the consensus estimate of $835.82 million. During the same period in the prior year, the firm posted $2.76 earnings per share. The business’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts predict that Carter’s, Inc. will post 5.15 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRI. Integrated Advisors Network LLC purchased a new position in shares of Carter’s in the 4th quarter valued at about $260,000. Public Employees Retirement System of Ohio lifted its position in shares of Carter’s by 20.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 21,282 shares of the textile maker’s stock valued at $1,153,000 after buying an additional 3,630 shares in the last quarter. CSS LLC IL purchased a new stake in Carter’s in the 4th quarter worth $303,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Carter’s by 9.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,769 shares of the textile maker’s stock worth $6,219,000 after acquiring an additional 9,611 shares during the period. Finally, WBI Investments LLC lifted its holdings in Carter’s by 33.1% during the fourth quarter. WBI Investments LLC now owns 23,626 shares of the textile maker’s stock valued at $1,280,000 after purchasing an additional 5,878 shares in the last quarter.

Carter’s Company Profile

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.