Cwm LLC Lowers Stake in Carter's, Inc. (NYSE:CRI)

CWM LLC lessened its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 53.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,684 shares of the textile maker's stock after selling 10,999 shares during the quarter. CWM LLC's holdings in Carter's were worth $396,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CRI. Allworth Financial LP increased its holdings in Carter's by 313.1% in the first quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock valued at $28,000 after buying an additional 548 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of Carter's during the fourth quarter worth about $29,000. Parallel Advisors LLC increased its position 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 in the last quarter. True Wealth Design LLC increased its position 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 in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Carter's during the fourth quarter worth about $54,000.

Carter's Stock Performance

Shares of NYSE CRI traded down $6.40 during midday trading on Friday, reaching $26.36. 8,093,718 shares of the company were exchanged, compared to its average volume of 1,491,400. Carter's, Inc. has a 1 year low of $23.50 and a 1 year high of $71.99. The stock has a fifty day simple moving average of $31.64 and a 200 day simple moving average of $39.30. The stock has a market cap of $960.38 million, a P/E ratio of 5.83 and a beta of 0.98. 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 announced its quarterly earnings data on Friday, July 25th. The textile maker reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.26). Carter's had a net margin of 5.80% and a return on equity of 23.50%. The business had revenue of $585.31 million during the quarter, compared to analysts' expectations of $563.24 million. During the same period in the prior year, the firm posted $0.76 EPS. Carter's's revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Increases Dividend

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

Analysts Set New Price Targets

CRI has been the topic of a number of research analyst reports. UBS Group cut their target price on 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 assumed coverage on Carter's in a report on Monday, April 28th. They set an "underweight" rating and a $25.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a report on Wednesday, May 14th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $36.80.

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.