Millennium Management LLC Has $615,000 Holdings in Carter's, Inc. (NYSE:CRI)

Millennium Management LLC reduced its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 88.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CRI. KBC Group NV lifted its position in shares of Carter's by 136.7% during the 4th quarter. KBC Group NV now owns 1,780 shares of the textile maker's stock worth $96,000 after buying an additional 1,028 shares during the last quarter. Yousif Capital Management LLC lifted its position in shares of Carter's by 4.2% during the 4th quarter. Yousif Capital Management LLC now owns 14,888 shares of the textile maker's stock worth $807,000 after buying an additional 601 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Carter's by 15.9% during the 4th 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 last quarter. State of Alaska Department of Revenue raised its position in Carter's by 387.9% in the fourth quarter. State of Alaska Department of Revenue now owns 20,482 shares of the textile maker's stock valued at $1,109,000 after purchasing an additional 16,284 shares during the last quarter. Finally, Vest Financial LLC raised its position in Carter's by 97.4% in the fourth quarter. Vest Financial LLC now owns 44,242 shares of the textile maker's stock valued at $2,397,000 after purchasing an additional 21,834 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Carter's Trading Down 1.0%

Shares of CRI traded down $0.33 during mid-day trading on Wednesday, reaching $32.27. 1,173,029 shares of the company were exchanged, compared to its average volume of 1,331,406. Carter's, Inc. has a 52 week low of $29.62 and a 52 week high of $71.99. 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 stock has a market capitalization of $1.18 billion, a PE ratio of 5.12, a PEG ratio of 3.37 and a beta of 1.00. The business has a 50 day simple moving average of $34.32 and a two-hundred day simple moving average of $44.56.

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

Carter's Increases Dividend

The firm also recently announced 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. The ex-dividend date is Monday, June 2nd. This represents a yield of 3.19%. This is a boost from Carter's's previous dividend of $0.22. Carter's's dividend payout ratio (DPR) is currently 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.