Ameriprise Financial Inc. Sells 101,158 Shares of Carter's, Inc. (NYSE:CRI)

Ameriprise Financial Inc. trimmed its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 40.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,704 shares of the textile maker's stock after selling 101,158 shares during the quarter. Ameriprise Financial Inc. owned about 0.41% of Carter's worth $8,058,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in 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 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 valued at $29,000 after buying an additional 507 shares during the period. Venturi Wealth Management LLC increased its holdings in Carter's by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after buying an additional 268 shares during the period. New Age Alpha Advisors LLC bought a new position in Carter's in the 4th quarter valued at about $54,000. Finally, AlphaQuest LLC increased its holdings in 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 buying an additional 1,142 shares during the period.

Carter's Price Performance

Shares of Carter's stock traded up $1.02 during midday trading on Tuesday, hitting $32.41. 1,781,477 shares of the company traded hands, compared to its average volume of 1,302,394. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 5.14, a PEG ratio of 3.37 and a beta of 1.05. 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 fifty day moving average price is $36.22 and its 200-day moving average price is $46.09. Carter's, Inc. has a 12 month low of $31.07 and a 12 month high of $71.99.

Carter's (NYSE:CRI - Get Free Report) last posted 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. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The business had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. During the same period last year, the company earned $0.98 EPS. The firm's revenue was down 4.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on CRI shares. UBS Group decreased their target price on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Citigroup decreased their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company lifted their price target on shares of Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a report on Wednesday, May 14th. Finally, Barclays initiated coverage on shares of Carter's in a report on Monday, April 28th. They set an "underweight" rating and a $25.00 price target on the stock. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $36.80.

Carter's Company 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.