Victory Capital Management Inc. Sells 50,486 Shares of Carter's, Inc. (NYSE:CRI)

Victory Capital Management Inc. lessened its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 71.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,418 shares of the textile maker's stock after selling 50,486 shares during the quarter. Victory Capital Management Inc. owned approximately 0.06% of Carter's worth $835,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC grew its position 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 worth $82,000 after buying an additional 554 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in 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 acquiring an additional 3,243 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in 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 acquiring an additional 1,234 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in Carter's during the 1st quarter valued at $250,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Carter's by 9.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,769 shares of the textile maker's stock worth $6,219,000 after purchasing an additional 9,611 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CRI shares. UBS Group lowered their target price on Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Barclays reduced their target price on Carter's from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Tuesday, July 29th. Finally, Wells Fargo & Company boosted their price objective on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a report on Wednesday, May 14th.

Carter's Price Performance

CRI traded down $0.62 during midday trading on Friday, hitting $23.62. The stock had a trading volume of 1,636,538 shares, compared to its average volume of 1,772,386. The company has a market cap of $860.48 million, a P/E ratio of 6.27 and a beta of 0.99. The business has a fifty day moving average of $30.76 and a 200 day moving average of $38.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 2.20. Carter's, Inc. has a 1 year low of $23.38 and a 1 year high of $71.99.

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

Carter's Increases Dividend

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

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.