Carter’s (NYSE:CRI) Trading Down 5.2% – Here’s Why

Carter’s, Inc. (NYSE:CRI) was down 5.2% during mid-day trading on Monday . The company traded as low as $61.42 and last traded at $61.42. Approximately 144,517 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 904,065 shares. The stock had previously closed at $64.77.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price objective on Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a research note on Monday, September 9th. Bank of America lowered their target price 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 investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $71.17.

Carter’s Stock Up 0.5 %

The firm’s fifty day simple moving average is $65.44 and its 200 day simple moving average is $67.20. 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 company has a market cap of $2.23 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 4.19 and a beta of 1.23.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Friday, July 26th. The textile maker reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.31. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. The business had revenue of $564.43 million during the quarter, compared to analysts’ expectations of $566.79 million. Sell-side analysts predict that Carter’s, Inc. will post 4.9 earnings per share for the current year.

Carter’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 5.23%. The ex-dividend date was Tuesday, August 27th. Carter’s’s payout ratio is 50.47%.

Institutional Trading of Carter’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC grew its position in shares of Carter’s by 1,158.5% in the 3rd quarter. CWM LLC now owns 7,488 shares of the textile maker’s stock valued at $487,000 after buying an additional 6,893 shares during the last quarter. GAMMA Investing LLC boosted its stake in Carter’s by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after acquiring an additional 214 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Carter’s by 91.2% during the third quarter. Handelsbanken Fonder AB now owns 11,530 shares of the textile maker’s stock worth $749,000 after purchasing an additional 5,500 shares during the last quarter. Paragon Capital Management Inc. increased its position in shares of Carter’s by 5.2% during the second quarter. Paragon Capital Management Inc. now owns 23,714 shares of the textile maker’s stock worth $1,470,000 after purchasing an additional 1,182 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Carter’s in the 2nd quarter valued at about $231,000.

About Carter’s

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.