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

Carter’s, Inc. (NYSE:CRI)’s share price 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.

Analyst Upgrades and Downgrades

CRI has been the topic of a number of recent research reports. 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 report on Monday, October 28th. Citigroup raised shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 price objective for the company in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat, Carter’s currently has an average rating of “Hold” and a consensus price target of $67.67.

Carter’s Price Performance

The stock has a market cap of $1.86 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 3.28 and a beta of 1.22. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The company’s fifty day moving average is $54.14 and its 200 day moving average is $60.44.

Carter’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $3.20 annualized dividend and a dividend yield of 6.21%. Carter’s’s payout ratio is 50.79%.

Institutional Trading of Carter’s

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in shares of Carter’s by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after buying an additional 214 shares during the period. Capital Performance Advisors LLP acquired a new position in Carter’s during the 3rd quarter worth approximately $28,000. Venturi Wealth Management LLC boosted its holdings in Carter’s by 221.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after acquiring an additional 500 shares during the period. Abich Financial Wealth Management LLC grew its position in Carter’s by 67.6% in the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock valued at $53,000 after acquiring an additional 346 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of Carter’s during the third quarter valued at approximately $74,000.

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.