Carter’s (NYSE:CRI) Stock Price Down 7.2% – Here’s What Happened

Carter’s, Inc. (NYSE:CRI)’s stock price fell 7.2% on Monday . The stock traded as low as $41.90 and last traded at $41.1670. 67,098 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 1,219,288 shares. The stock had previously closed at $44.37.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wells Fargo & Company increased their target price on shares of Carter’s from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Tuesday, October 28th. Wall Street Zen raised shares of Carter’s from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. Barclays raised their target price on shares of Carter’s from $23.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. Zacks Research upgraded shares of Carter’s from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Finally, Citigroup upgraded Carter’s from a “neutral” rating to a “buy” rating and increased their price target for the company from $34.00 to $50.00 in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Carter’s has a consensus rating of “Hold” and an average target price of $34.00.

Carter’s Trading Down 0.9%

The company has a debt-to-equity ratio of 0.58, a current ratio of 2.26 and a quick ratio of 0.95. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 17.00 and a beta of 1.06. The business’s fifty day moving average price is $36.00 and its 200 day moving average price is $32.07.

Institutional Investors Weigh In On Carter’s

A number of institutional investors have recently modified their holdings of CRI. RWWM Inc. boosted its position in shares of Carter’s by 44.8% during the 3rd quarter. RWWM Inc. now owns 5,900,170 shares of the textile maker’s stock valued at $166,503,000 after purchasing an additional 1,824,379 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Carter’s in the second quarter valued at approximately $4,397,000. Hussman Strategic Advisors Inc. lifted its stake in Carter’s by 100.0% in the second quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the textile maker’s stock valued at $2,531,000 after buying an additional 42,000 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Carter’s by 43.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,201,996 shares of the textile maker’s stock worth $33,920,000 after buying an additional 365,501 shares in the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new stake in shares of Carter’s during the 2nd quarter worth approximately $1,395,000.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.