Geode Capital Management LLC Trims Holdings in Carter's, Inc. (NYSE:CRI)

Geode Capital Management LLC lessened its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 566,514 shares of the textile maker's stock after selling 34,070 shares during the period. Geode Capital Management LLC owned about 1.57% of Carter's worth $30,711,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CRI. FMR LLC boosted its holdings in Carter's by 99.9% in the third quarter. FMR LLC now owns 4,681 shares of the textile maker's stock valued at $304,000 after acquiring an additional 2,339 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Carter's by 2.3% in the third quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker's stock valued at $1,147,000 after buying an additional 396 shares during the period. Barclays PLC boosted its holdings in shares of Carter's by 58.7% during the 3rd quarter. Barclays PLC now owns 20,077 shares of the textile maker's stock worth $1,304,000 after buying an additional 7,429 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Carter's during the 3rd quarter worth approximately $692,000. Finally, Franklin Resources Inc. increased its stake in shares of Carter's by 109.8% in the 3rd quarter. Franklin Resources Inc. now owns 38,617 shares of the textile maker's stock valued at $2,468,000 after acquiring an additional 20,210 shares in the last quarter.

Carter's Trading Up 2.5 %

Shares of CRI traded up $0.90 during mid-day trading on Tuesday, reaching $36.86. The company's stock had a trading volume of 1,804,818 shares, compared to its average volume of 1,212,453. The stock has a market cap of $1.33 billion, a PE ratio of 5.85, a P/E/G ratio of 3.37 and a beta of 1.09. The company's fifty day moving average price is $41.27 and its two-hundred day moving average price is $50.53. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter's, Inc. has a 52 week low of $32.12 and a 52 week high of $74.40.

Carter's (NYSE:CRI - Get Free Report) last announced its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $0.52. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The firm had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. During the same quarter in the previous year, the firm posted $2.76 EPS. The company's revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 8.68%. The ex-dividend date was Monday, March 10th. Carter's's payout ratio is currently 62.62%.

Analyst Ratings Changes

Several research firms have recently issued reports on CRI. UBS Group reduced their target price on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Citigroup decreased their price objective on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company cut their target price on Carter's from $65.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th.

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.