Carter's, Inc. (NYSE:CRI) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. cut its position in Carter's, Inc. (NYSE:CRI - Free Report) by 32.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,767 shares of the textile maker's stock after selling 10,989 shares during the quarter. Edgestream Partners L.P. owned about 0.06% of Carter's worth $931,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CRI. Allworth Financial LP raised its stake in Carter's by 313.1% during the first quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock worth $28,000 after acquiring an additional 548 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Carter's by 2,112.5% during the fourth 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. Colonial Trust Co SC acquired a new position in Carter's during the fourth quarter worth about $29,000. Parallel Advisors LLC grew its holdings in shares of Carter's by 80.9% during the first quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock worth $43,000 after purchasing an additional 475 shares during the last quarter. Finally, True Wealth Design LLC grew its holdings in shares of Carter's by 173.0% during the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock worth $49,000 after purchasing an additional 571 shares during the last quarter.

Carter's Stock Up 0.1%

NYSE:CRI traded up $0.04 during trading hours on Friday, reaching $30.45. 967,501 shares of the company traded hands, compared to its average volume of 1,390,439. The business's 50-day moving average price is $32.10 and its two-hundred day moving average price is $39.98. The stock has a market capitalization of $1.11 billion, a P/E ratio of 6.74 and a beta of 0.98. Carter's, Inc. has a 1 year low of $29.36 and a 1 year high of $71.99. The company has a current ratio of 2.56, a quick ratio of 1.40 and a debt-to-equity ratio of 0.59.

Carter's (NYSE:CRI - Get Free Report) last released its earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.13. The firm had revenue of $291.09 million during the quarter, compared to analysts' expectations of $624.86 million. Carter's had a return on equity of 23.50% and a net margin of 5.80%. The firm's revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the business posted $0.98 earnings per share. Analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, June 3rd were paid a dividend of $0.25 per share. This is a positive change from Carter's's previous dividend of $0.22. This represents a dividend yield of 3.19%. The ex-dividend date was Monday, June 2nd. Carter's's dividend payout ratio (DPR) is currently 22.12%.

Wall Street Analysts Forecast Growth

CRI has been the topic of several analyst reports. UBS Group reduced their target price on Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Barclays began coverage on Carter's in a research note on Monday, April 28th. They issued an "underweight" rating and a $25.00 price objective for the company. Finally, Wells Fargo & Company raised their target price on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 14th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Reduce" and a consensus target price of $36.80.

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.