Victory Capital Management Inc. Decreases Holdings in Carter's, Inc. (NYSE:CRI)

Victory Capital Management Inc. lessened its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 71.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,418 shares of the textile maker's stock after selling 50,486 shares during the period. Victory Capital Management Inc. owned 0.06% of Carter's worth $835,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CRI. Allworth Financial LP raised its holdings in shares of Carter's by 313.1% during the first quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock worth $28,000 after purchasing an additional 548 shares during the period. Colonial Trust Co SC acquired a new position in shares of Carter's in the 4th quarter worth approximately $29,000. Parallel Advisors LLC boosted its holdings in shares of Carter's by 80.9% in the first quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock worth $43,000 after buying an additional 475 shares during the period. True Wealth Design LLC boosted its holdings in shares of Carter's by 173.0% in the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock worth $49,000 after buying an additional 571 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new position in Carter's during the fourth quarter valued at approximately $54,000.

Analyst Ratings Changes

A number of analysts have issued reports on CRI shares. Wells Fargo & Company lifted their target price 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 lowered their target price on shares of Carter's from $25.00 to $22.00 and set an "underweight" rating on the stock in a report on Tuesday, July 29th. Finally, UBS Group decreased their price objective on shares of Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a report on Monday, July 28th.

Carter's Stock Performance

CRI stock traded up $0.07 during midday trading on Monday, reaching $23.72. 290,078 shares of the company were exchanged, compared to its average volume of 1,559,088. The business has a 50-day moving average price of $30.76 and a two-hundred day moving average price of $38.15. The firm has a market capitalization of $864.19 million, a price-to-earnings ratio of 6.30 and a beta of 0.99. Carter's, Inc. has a one year low of $23.38 and a one year high of $71.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.20 and a quick ratio of 1.03.

Carter's (NYSE:CRI - Get Free Report) last posted 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 analyst estimates of $563.24 million. Carter's had a net margin of 4.79% and a return on equity of 20.68%. The firm's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. Equities research analysts forecast that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders 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 dividend 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.