Envestnet Asset Management Inc. Has $2.78 Million Stock Holdings in Carter's, Inc. (NYSE:CRI)

Envestnet Asset Management Inc. trimmed its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 19.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,240 shares of the textile maker's stock after selling 12,590 shares during the quarter. Envestnet Asset Management Inc. owned 0.14% of Carter's worth $2,777,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp raised its position in Carter's by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after acquiring an additional 270 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 acquiring an additional 507 shares in the last quarter. Venturi Wealth Management LLC raised its position in Carter's by 36.9% during the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock worth $54,000 after acquiring an additional 268 shares during the period. New Age Alpha Advisors LLC purchased a new position in Carter's during the fourth quarter valued at $54,000. Finally, AlphaQuest LLC grew its position in shares of Carter's by 16,314.3% in the fourth 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 period.

Carter's Stock Performance

Shares of CRI traded up $1.01 during trading hours on Thursday, reaching $34.06. 176,978 shares of the company's stock traded hands, compared to its average volume of 1,472,298. Carter's, Inc. has a twelve month low of $32.04 and a twelve month high of $72.11. The business's fifty day simple moving average is $39.18 and its two-hundred day simple moving average is $49.52. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 5.41, a P/E/G ratio of 3.37 and a beta of 1.09.

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

Carter's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a $0.80 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 9.39%. Carter's's dividend payout ratio (DPR) is 70.80%.

Analyst Ratings Changes

Several equities analysts have weighed in on CRI shares. Wells Fargo & Company lowered shares of Carter's from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $40.00 to $25.00 in a report on Wednesday. Barclays initiated coverage on Carter's in a research report on Monday. They set an "underweight" rating and a $25.00 target price on the stock. UBS Group cut their target price on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Citigroup reduced their price objective 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. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and an average target price of $36.20.

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.