The Manufacturers Life Insurance Company Reduces Stock Holdings in Carter's, Inc. (NYSE:CRI)

The Manufacturers Life Insurance Company reduced its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 76.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,777 shares of the textile maker's stock after selling 21,722 shares during the quarter. The Manufacturers Life Insurance Company's holdings in Carter's were worth $367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its holdings in Carter's by 36.9% in the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after acquiring an additional 268 shares during the period. Jones Financial Companies Lllp lifted its holdings in Carter's by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after acquiring an additional 270 shares during the period. M&T Bank Corp lifted its holdings in Carter's by 7.2% in the fourth quarter. M&T Bank Corp now owns 4,073 shares of the textile maker's stock valued at $221,000 after acquiring an additional 272 shares during the period. Hsbc Holdings PLC lifted its holdings in Carter's by 7.1% in the fourth quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker's stock valued at $279,000 after acquiring an additional 347 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Carter's by 1.7% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 26,147 shares of the textile maker's stock valued at $1,417,000 after acquiring an additional 448 shares during the period.

Carter's Stock Performance

Shares of NYSE CRI traded down $0.98 during trading on Friday, hitting $31.38. The company had a trading volume of 1,389,730 shares, compared to its average volume of 1,297,260. The stock has a 50 day simple moving average of $36.57 and a 200 day simple moving average of $46.41. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter's, Inc. has a 12 month low of $31.07 and a 12 month high of $71.99. The firm has a market capitalization of $1.14 billion, a P/E ratio of 4.98, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05.

Carter's (NYSE:CRI - Get Free Report) last released its earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.13. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The firm had revenue of $291.09 million during the quarter, compared to analysts' expectations of $624.86 million. During the same quarter last year, the business posted $0.98 earnings per share. The firm's revenue was down 4.8% on a year-over-year basis. As a group, analysts anticipate that Carter's, Inc. will post 5.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

CRI has been the subject of a number of analyst reports. Barclays initiated coverage on Carter's in a research report on Monday, April 28th. They issued an "underweight" rating and a $25.00 price target for the company. Wells Fargo & Company raised their price objective on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 14th. Citigroup decreased their price objective on Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group decreased their price objective on Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat, Carter's currently has an average rating of "Reduce" and a consensus price target of $36.80.

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.