Carter's, Inc. (NYSE:CRI) Shares Sold by Millennium Management LLC

Millennium Management LLC trimmed its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 88.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,353 shares of the textile maker's stock after selling 86,153 shares during the quarter. Millennium Management LLC's holdings in Carter's were worth $615,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CRI. KBC Group NV increased its stake in shares of Carter's by 136.7% during the fourth quarter. KBC Group NV now owns 1,780 shares of the textile maker's stock worth $96,000 after acquiring an additional 1,028 shares during the period. Yousif Capital Management LLC increased its stake in shares of Carter's by 4.2% during the fourth quarter. Yousif Capital Management LLC now owns 14,888 shares of the textile maker's stock worth $807,000 after acquiring an additional 601 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Carter's by 15.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,547 shares of the textile maker's stock worth $1,445,000 after buying an additional 3,640 shares during the period. State of Alaska Department of Revenue grew its position in Carter's by 387.9% during the fourth quarter. State of Alaska Department of Revenue now owns 20,482 shares of the textile maker's stock worth $1,109,000 after buying an additional 16,284 shares during the period. Finally, Vest Financial LLC grew its position in Carter's by 97.4% during the fourth quarter. Vest Financial LLC now owns 44,242 shares of the textile maker's stock worth $2,397,000 after buying an additional 21,834 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRI shares. UBS Group lowered their target price 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. Barclays started coverage on shares of Carter's in a research report on Monday, April 28th. They set an "underweight" rating and a $25.00 target price on the stock. Wells Fargo & Company upped their target price 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. Finally, Citigroup lowered their target price 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. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $36.80.

Carter's Stock Up 1.5%

Shares of NYSE CRI opened at $31.83 on Friday. Carter's, Inc. has a 12-month low of $29.62 and a 12-month high of $71.99. The company has a market capitalization of $1.16 billion, a PE ratio of 5.05, a price-to-earnings-growth ratio of 3.37 and a beta of 1.00. 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's 50-day moving average is $34.68 and its two-hundred day moving average is $44.94.

Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, beating 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 company had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. During the same quarter in the prior year, the firm earned $0.98 earnings per share. The company's revenue for the quarter was down 4.8% compared to the same quarter last year. Equities analysts anticipate that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.25 per share. This is an increase from Carter's's previous dividend of $0.22. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 3.19%. Carter's's dividend payout ratio is presently 22.12%.

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.

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