Invesco Ltd. Sells 359,298 Shares of Carter's, Inc. (NYSE:CRI)

Invesco Ltd. lowered its position in Carter's, Inc. (NYSE:CRI - Free Report) by 73.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 128,554 shares of the textile maker's stock after selling 359,298 shares during the quarter. Invesco Ltd. owned 0.36% of Carter's worth $6,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CRI. Raymond James Financial Inc. acquired a new position in Carter's in the 4th quarter valued at approximately $1,609,000. Charles Schwab Investment Management Inc. raised its position in Carter's by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock worth $67,518,000 after purchasing an additional 74,133 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Carter's by 109.0% during the 4th quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker's stock worth $9,473,000 after buying an additional 91,162 shares during the period. Ruffer LLP bought a new stake in shares of Carter's in the 4th quarter valued at about $635,000. Finally, William Blair Investment Management LLC increased its stake in shares of Carter's by 1.9% in the fourth quarter. William Blair Investment Management LLC now owns 530,582 shares of the textile maker's stock valued at $28,752,000 after buying an additional 9,675 shares during the period.

Carter's Trading Down 2.7 %

Shares of Carter's stock traded down $0.90 on Wednesday, reaching $33.00. 1,411,007 shares of the company's stock were exchanged, compared to its average volume of 1,234,824. The company has a market capitalization of $1.19 billion, a P/E ratio of 5.24, a price-to-earnings-growth ratio of 3.37 and a beta of 1.09. Carter's, Inc. has a 52 week low of $32.04 and a 52 week high of $72.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The firm's 50-day moving average is $39.18 and its two-hundred day moving average is $49.52.

Carter's (NYSE:CRI - Get Free Report) last issued 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 net margin of 8.11% and a return on equity of 27.15%. The business had revenue of $291.09 million for the quarter, compared to analyst estimates of $624.86 million. During the same period in the prior year, the firm earned $0.98 earnings per share. Carter's's revenue was down 4.8% on a year-over-year basis. Sell-side analysts predict that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were paid a $0.80 dividend. The ex-dividend date was Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 9.70%. Carter's's dividend payout ratio is presently 70.80%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company lowered Carter's from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $40.00 to $25.00 in a research note on Wednesday. UBS Group lowered their price target on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a report on Monday. Barclays assumed coverage on shares of Carter's in a research note on Monday. They issued an "underweight" rating and a $25.00 price objective on the stock. Finally, Citigroup lowered their target price 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. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $36.20.

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.