Carters Inc (NYSE: CRI): Think Like A Lender, Not An Investor

Carters Inc (NYSE:CRI) currently has a daily average trading volume of 1.16M but it saw 1744491 shares traded in last market. With a market cap of 1.97B USD, the company’s current market price of $54.70 came falling about -1.62 while comparing to the previous closing price of $55.60. In past 52 weeks, the stock remained buoying in the range of price level as high as $88.03 and as low as $54.74. In the recent trading on the day, stock has struck highest price mark of $53.53 while lowest mark touched by it was $55.52.

Taking a look at 20-day trading activity of Carters Inc (CRI) gives us an average price of $62.31, while its current price level is -37.86% below from 52-week high level whereas it is -0.07% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $65.41 while that of 200 days or SMA-200 reads an average of $69.79. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.25% during that period while stretching the period over a month that decreases to 3.38%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 25.73 which implies that the stock is in oversold territory.

Wedbush downgraded its recommendation for the stock as a “Neutral” from “Outperform” on January 26, 2023 while assigning a price target of $78.

Over the week, CRI’s stock price is moving -16.73% down while it is -14.76% when we observe its performance for the past one month. Year-to-date it is -26.96% down and over the past year, the stock is showing a downside performance of -18.55%.

Currently, Carters Inc’s total number of outstanding shares is 36.55M. Company’s return on investment (ROI) stands at 12.47% and return on equity (ROE) at 27.99%. It has a price to earnings ratio (P/E ratio) of 8.65 while having a 10.84 of forward P/E ratio. Stock’s beta reads 1.23. Stock has a price to book (P/B) ratio of 2.38 while price to sale or P/S ratio amounts to 0.69. Its return on asset (ROA) is 9.62% on average.