Ontario Teachers Pension Plan Board Sells 8,543 Shares of Carter's, Inc. (NYSE:CRI)

Ontario Teachers Pension Plan Board lessened its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 28.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,426 shares of the textile maker's stock after selling 8,543 shares during the period. Ontario Teachers Pension Plan Board owned about 0.06% of Carter's worth $1,161,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Carter's by 99.9% during the 3rd quarter. FMR LLC now owns 4,681 shares of the textile maker's stock worth $304,000 after purchasing an additional 2,339 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Carter's by 2.3% in the third quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker's stock valued at $1,147,000 after buying an additional 396 shares during the period. Barclays PLC raised its stake in shares of Carter's by 58.7% in the third quarter. Barclays PLC now owns 20,077 shares of the textile maker's stock valued at $1,304,000 after buying an additional 7,429 shares during the period. Virtu Financial LLC purchased a new position in shares of Carter's during the 3rd quarter valued at $692,000. Finally, Franklin Resources Inc. grew its stake in shares of Carter's by 109.8% during the 3rd quarter. Franklin Resources Inc. now owns 38,617 shares of the textile maker's stock worth $2,468,000 after acquiring an additional 20,210 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CRI shares. 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 research note on Wednesday, February 26th. Citigroup dropped their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company lowered their target price on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th.

Carter's Price Performance

NYSE:CRI traded down $1.39 during mid-day trading on Monday, hitting $34.98. 247,449 shares of the stock traded hands, compared to its average volume of 1,203,407. Carter's, Inc. has a 12-month low of $32.12 and a 12-month high of $74.40. 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 company has a market cap of $1.26 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 3.37 and a beta of 1.09. The business'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 issued its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $0.52. The company had revenue of $859.70 million for the quarter, compared to the consensus estimate of $835.82 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The firm's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $2.76 earnings per share. On average, analysts expect that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 9.15%. The ex-dividend date of this dividend was Monday, March 10th. Carter's's dividend payout ratio (DPR) is 62.62%.

About Carter's

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.