Carter’s (NYSE:CRI) Stock Price Down 3.2%

Carter’s, Inc. (NYSE:CRI) shares dropped 3.2% during mid-day trading on Thursday . The company traded as low as $68.73 and last traded at $68.73. Approximately 434,552 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 899,114 shares. The stock had previously closed at $70.97.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of Carter’s from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, September 9th. Bank of America decreased their price target on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $71.17.

Carter’s Price Performance

The company has a market capitalization of $2.45 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 4.35 and a beta of 1.23. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.09 and a quick ratio of 0.95. The stock’s 50 day simple moving average is $64.48 and its 200-day simple moving average is $69.05.

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

Carter’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.77%. The ex-dividend date was Tuesday, August 27th. Carter’s’s dividend payout ratio (DPR) is presently 50.47%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Gladius Capital Management LP purchased a new stake in Carter’s in the second quarter valued at approximately $30,000. Ables Iannone Moore & Associates Inc. acquired a new position in Carter’s in the fourth quarter valued at $37,000. CWM LLC raised its holdings in shares of Carter’s by 431.3% in the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after buying an additional 483 shares during the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of Carter’s by 67.6% during the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after buying an additional 346 shares during the period. Finally, Parallel Advisors LLC grew its holdings in shares of Carter’s by 457.2% during the fourth quarter. Parallel Advisors LLC now owns 808 shares of the textile maker’s stock worth $61,000 after buying an additional 663 shares during the last quarter.

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.