Bank of America Corp DE Decreases Stake in Carter's, Inc. (NYSE:CRI)

Bank of America Corp DE lowered its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 61.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,659 shares of the textile maker's stock after selling 144,389 shares during the quarter. Bank of America Corp DE owned about 0.25% of Carter's worth $4,967,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in Carter's by 10.4% during the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock valued at $211,100,000 after acquiring an additional 366,293 shares during the last quarter. First Trust Advisors LP boosted its position in Carter's by 33.3% during the fourth quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker's stock valued at $104,042,000 after acquiring an additional 479,961 shares during the last quarter. AQR Capital Management LLC boosted its position in Carter's by 124.4% during the fourth quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker's stock valued at $93,134,000 after acquiring an additional 964,494 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Carter's by 13.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,489 shares of the textile maker's stock valued at $67,651,000 after acquiring an additional 149,058 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Carter's by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock worth $67,518,000 after purchasing an additional 74,133 shares in the last quarter.

Carter's Stock Down 4.1%

Shares of CRI traded down $1.27 on Monday, reaching $30.10. The company's stock had a trading volume of 1,762,250 shares, compared to its average volume of 1,315,594. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter's, Inc. has a twelve month low of $29.78 and a twelve month high of $71.99. The stock has a market capitalization of $1.10 billion, a PE ratio of 4.78, a PEG ratio of 3.37 and a beta of 1.05. The firm has a fifty day moving average of $35.43 and a 200-day moving average of $45.45.

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

Carter's Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, June 3rd will be paid a $0.25 dividend. This is a positive change from Carter's's previous dividend of $0.22. The ex-dividend date is Monday, June 2nd. This represents a yield of 3.19%. Carter's's dividend payout ratio (DPR) is 22.12%.

Wall Street Analysts Forecast Growth

CRI has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 14th. Barclays initiated coverage on shares of Carter's in a research report on Monday, April 28th. They set an "underweight" rating and a $25.00 price objective on the stock. Citigroup cut their price objective 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 cut their price objective on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat, Carter's currently has an average rating of "Reduce" and an average target price of $36.80.

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.