Corebridge Financial Inc. Has $82,000 Stock Position in Carter's, Inc. (NYSE:CRI)

Corebridge Financial Inc. lessened its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 96.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,518 shares of the textile maker's stock after selling 41,205 shares during the quarter. Corebridge Financial Inc.'s holdings in Carter's were worth $82,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in shares of Carter's by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after acquiring an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Carter's by 2,112.5% in 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 stake in shares of 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 in the last quarter. AlphaQuest LLC lifted its holdings in shares of Carter's by 16,314.3% during the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock valued at $62,000 after buying an additional 1,142 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Carter's by 258.0% in the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker's stock valued at $79,000 after buying an additional 1,045 shares in the last quarter.

Wall Street Analysts Forecast Growth

CRI has been the subject of a number of analyst reports. Wells Fargo & Company reduced their target price on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Citigroup lowered their target price on shares of 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, UBS Group lowered their price objective on Carter's from $57.00 to $49.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th.

Carter's Price Performance

Shares of NYSE:CRI traded up $0.86 on Friday, hitting $36.29. The stock had a trading volume of 1,364,065 shares, compared to its average volume of 1,207,153. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 5.76, a price-to-earnings-growth ratio of 3.37 and a beta of 1.09. Carter's, Inc. has a twelve month low of $32.12 and a twelve month high of $74.40. 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 firm's 50 day moving average price is $41.89 and its 200-day moving average price is $50.83.

Carter's (NYSE:CRI - Get Free Report) last released its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $0.52. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The company had revenue of $859.70 million for the quarter, compared to the consensus estimate of $835.82 million. During the same period in the prior year, the company posted $2.76 EPS. The company's revenue was up .2% compared to the same quarter last year. On average, equities research analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date of this dividend was Monday, March 10th. Carter's's dividend payout ratio (DPR) is currently 62.62%.

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.