Goldman Sachs Group Inc. Has $5.07 Million Holdings in Carter's, Inc. $CRI

Key Points

• Goldman Sachs Group Inc. reduced its stake in Carter's, Inc. by 41.1% during the first quarter, holding 124,028 shares worth approximately $5.07 million.
• Carter's, Inc. reported quarterly earnings with $0.17 EPS, missing analysts' estimates of $0.43, despite a revenue increase of 3.7% year-over-year.
• The company recently declared a quarterly dividend of $0.25, which translates to an annualized dividend of $1.00 and a yield of 3.1%.

Goldman Sachs Group Inc. lessened its position in Carter's, Inc. (NYSE:CRI - Free Report) by 41.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,028 shares of the textile maker's stock after selling 86,572 shares during the period. Goldman Sachs Group Inc. owned about 0.34% of Carter's worth $5,073,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of 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 purchasing an additional 548 shares during the period. Parallel Advisors LLC increased its holdings in shares of Carter's by 80.9% in the 1st quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock worth $43,000 after acquiring an additional 475 shares during the period. US Bancorp DE increased its holdings in shares of Carter's by 45.0% in the 1st quarter. US Bancorp DE now owns 1,408 shares of the textile maker's stock worth $58,000 after acquiring an additional 437 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Carter's in the 1st quarter worth about $58,000. Finally, Security National Bank acquired a new position in Carter's during the 1st quarter valued at about $69,000.

Wall Street Analysts Forecast Growth

CRI has been the subject of several research reports. Barclays reduced their price objective on shares of Carter's from $25.00 to $22.00 and set an "underweight" rating for the company in a research report on Tuesday, July 29th. UBS Group cut their price objective on shares of Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Finally, Zacks Research lowered shares of Carter's from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Carter's has an average rating of "Strong Sell" and an average target price of $30.25.

Carter's Stock Performance

Shares of NYSE:CRI traded down $0.54 during midday trading on Friday, reaching $31.26. 2,166,336 shares of the company traded hands, compared to its average volume of 1,232,920. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 8.29 and a beta of 1.02. The company has a quick ratio of 1.03, a current ratio of 2.20 and a debt-to-equity ratio of 0.58. The firm's fifty day moving average price is $28.09 and its two-hundred day moving average price is $32.73. Carter's, Inc. has a 12 month low of $23.38 and a 12 month high of $68.69.

Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The textile maker reported $0.17 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.26). The firm had revenue of $585.31 million for the quarter, compared to the consensus estimate of $563.24 million. Carter's had a net margin of 4.79% and a return on equity of 20.68%. Carter's's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 earnings per share. On average, equities analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, August 26th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, August 26th. Carter's's dividend payout ratio (DPR) is 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.