Aristotle Capital Boston LLC Has $24.66 Million Position in Carter's, Inc. (NYSE:CRI)

Aristotle Capital Boston LLC lowered its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 454,967 shares of the textile maker's stock after selling 51,241 shares during the period. Aristotle Capital Boston LLC owned 1.26% of Carter's worth $24,655,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CRI. Jones Financial Companies Lllp increased its stake in shares of Carter's by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after buying an additional 270 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Carter's by 2,112.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock worth $29,000 after purchasing an additional 507 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Carter's by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock worth $54,000 after purchasing an additional 268 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in Carter's during the 4th quarter valued at about $54,000. Finally, AlphaQuest LLC boosted its stake in shares of Carter's by 16,314.3% in the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock valued at $62,000 after purchasing an additional 1,142 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have issued reports on CRI. Barclays began coverage on Carter's in a report on Monday, April 28th. They set an "underweight" rating and a $25.00 target price on the stock. UBS Group reduced their price objective on Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Citigroup dropped their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company downgraded Carter's from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $40.00 to $25.00 in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, Carter's presently has a consensus rating of "Reduce" and an average price target of $36.20.

Carter's Stock Up 4.9 %

NYSE CRI traded up $1.62 during trading hours on Thursday, hitting $34.39. 401,726 shares of the company traded hands, compared to its average volume of 1,245,534. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The business's 50-day moving average is $38.11 and its 200-day moving average is $48.39. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 5.46, a P/E/G ratio of 3.37 and a beta of 1.05. Carter's, Inc. has a twelve month low of $32.04 and a twelve month high of $72.11.

Carter's (NYSE:CRI - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, beating the consensus estimate of $0.53 by $0.13. The company had revenue of $291.09 million during the quarter, compared to the consensus estimate of $624.86 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. Sell-side analysts anticipate that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 9.31%. Carter's's dividend payout ratio is presently 70.80%.

Carter's Profile

Carter's, Inc engages in the business of brand marketing of young children's apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.