Cerity Partners LLC Lowers Holdings in Carter's, Inc. (NYSE:CRI)

Cerity Partners LLC reduced its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 89.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,180 shares of the textile maker's stock after selling 50,309 shares during the quarter. Cerity Partners LLC's holdings in Carter's were worth $253,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hsbc Holdings PLC increased its position in shares of Carter's by 7.1% during the 4th quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker's stock valued at $279,000 after purchasing an additional 347 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Carter's by 1.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 26,147 shares of the textile maker's stock valued at $1,417,000 after purchasing an additional 448 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Carter's by 80.9% during the 1st quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock valued at $43,000 after acquiring an additional 475 shares during the period. Colonial Trust Co SC purchased a new stake in Carter's during the 4th quarter valued at about $29,000. Finally, Allworth Financial LP boosted its holdings in Carter's by 313.1% during the 1st quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock valued at $28,000 after acquiring an additional 548 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CRI. 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 report on Wednesday, May 14th. UBS Group dropped their price objective on Carter's from $32.00 to $26.00 and set a "neutral" rating for the company in a report on Monday. Finally, Barclays dropped their price objective on Carter's from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Tuesday.

Carter's Stock Down 2.6%

Shares of Carter's stock traded down $0.62 on Friday, reaching $23.62. The company's stock had a trading volume of 415,561 shares, compared to its average volume of 1,559,475. The company has a market capitalization of $860.48 million, a price-to-earnings ratio of 6.27 and a beta of 0.98. The firm's fifty day simple moving average is $30.91 and its two-hundred day simple moving average is $38.57. Carter's, Inc. has a 52 week low of $23.50 and a 52 week high of $71.99. The company has a quick ratio of 1.03, a current ratio of 2.20 and a debt-to-equity ratio of 0.58.

Carter's (NYSE:CRI - Get Free Report) last posted its earnings results on Friday, July 25th. The textile maker reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.26). The business had revenue of $585.31 million during the quarter, compared to the consensus estimate of $563.24 million. Carter's had a return on equity of 20.68% and a net margin of 4.79%. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. Equities analysts anticipate that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, June 3rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase from Carter's's previous dividend of $0.22. This represents a dividend yield of 319.0%. Carter's's dividend payout ratio is presently 26.53%.

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.