Cwm LLC Sells 10,999 Shares of Carter's, Inc. (NYSE:CRI)

CWM LLC trimmed its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 53.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRI. Raymond James Financial Inc. purchased a new stake in shares of Carter's during the 4th quarter valued at approximately $1,609,000. GAMMA Investing LLC lifted its stake in shares of Carter's by 38.2% during the 1st quarter. GAMMA Investing LLC now owns 2,004 shares of the textile maker's stock valued at $82,000 after buying an additional 554 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Carter's by 12.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,790 shares of the textile maker's stock valued at $1,205,000 after buying an additional 3,243 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Carter's by 20.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 7,170 shares of the textile maker's stock valued at $293,000 after buying an additional 1,234 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Carter's during the 1st quarter valued at approximately $250,000.

Analysts Set New Price Targets

CRI has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on shares of Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a research note on Wednesday, May 14th. Barclays initiated coverage on shares of Carter's in a research note on Monday, April 28th. They set an "underweight" rating and a $25.00 price target on the stock. Finally, UBS Group dropped their price target on shares of Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a research note on Monday. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, Carter's presently has an average rating of "Reduce" and an average price target of $35.60.

Carter's Price Performance

NYSE CRI traded up $0.27 on Monday, hitting $26.57. The stock had a trading volume of 3,496,483 shares, compared to its average volume of 1,562,507. Carter's, Inc. has a 52-week low of $23.50 and a 52-week high of $71.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 2.20. The company has a market capitalization of $968.07 million, a price-to-earnings ratio of 7.05 and a beta of 0.98. The firm has a 50-day moving average of $31.45 and a 200-day moving average of $38.96.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly 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 company 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%. Carter's's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 EPS. Equities analysts expect that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd were issued a $0.25 dividend. This is a positive change from Carter's's previous dividend of $0.22. The ex-dividend date of this dividend was Monday, June 2nd. This represents a dividend yield of 3.19%. Carter's's dividend payout ratio is presently 26.53%.

Carter's 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.