Carter’s (NYSE:CRI) Shares Gap Down – What’s Next?

Carter’s, Inc. (NYSE:CRI) gapped down before the market opened on Monday . The stock had previously closed at $55.64, but opened at $53.93. Carter’s shares last traded at $54.58, with a volume of 79,778 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CRI shares. Wells Fargo & Company decreased their price target on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research note on Tuesday, November 12th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $67.67.

Carter’s Trading Down 3.3 %

The company has a market capitalization of $1.94 billion, a P/E ratio of 8.54, a P/E/G ratio of 3.28 and a beta of 1.23. 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 firm’s 50-day moving average price is $56.56 and its 200 day moving average price is $61.48.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a $0.80 dividend. The ex-dividend date was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.94%. Carter’s’s dividend payout ratio is presently 50.79%.

Hedge Funds Weigh In On Carter’s

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Carter’s by 112.0% in the 3rd 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 last quarter. Capital Performance Advisors LLP purchased a new position in Carter’s in the third quarter valued at about $28,000. Venturi Wealth Management LLC increased its stake in shares of Carter’s by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares during the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of 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 buying an additional 346 shares during the period. Finally, Truvestments Capital LLC purchased a new position in shares of Carter’s during the 3rd quarter valued at $74,000.

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.