MetLife Investment Management LLC Sells 18,040 Shares of Carter's, Inc. (NYSE:CRI)

MetLife Investment Management LLC cut its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 96.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 623 shares of the textile maker's stock after selling 18,040 shares during the period. MetLife Investment Management LLC's holdings in Carter's were worth $34,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of Carter's by 155.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock valued at $154,500,000 after buying an additional 1,732,857 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Carter's by 33.3% during the 4th quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker's stock valued at $104,042,000 after buying an additional 479,961 shares in the last quarter. Vanguard Group Inc. lifted its position in Carter's by 10.4% in the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock worth $211,100,000 after buying an additional 366,293 shares during the last quarter. RWWM Inc. boosted its stake in Carter's by 61.5% in the fourth quarter. RWWM Inc. now owns 892,875 shares of the textile maker's stock worth $48,385,000 after buying an additional 339,879 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Carter's by 40.5% during the fourth quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker's stock worth $32,040,000 after acquiring an additional 170,528 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. UBS Group decreased their target price on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Barclays initiated coverage on Carter's in a report on Monday, April 28th. They set an "underweight" rating and a $25.00 target price for the company. Citigroup decreased their target price on shares of 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, Wells Fargo & Company lowered shares of Carter's from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $40.00 to $25.00 in a report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $36.20.

Carter's Price Performance

Shares of Carter's stock opened at $34.16 on Friday. The company has a market cap of $1.24 billion, a PE ratio of 5.42, a P/E/G ratio of 3.37 and a beta of 1.05. The business has a 50 day moving average of $37.82 and a 200 day moving average of $47.82. Carter's, Inc. has a 52 week low of $32.04 and a 52 week high of $72.11. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

Carter's (NYSE:CRI - Get Free Report) last posted its earnings results on Friday, April 25th. The textile maker reported $0.66 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 firm had revenue of $291.09 million during the quarter, compared to analysts' expectations of $624.86 million. During the same period last year, the company posted $0.98 EPS. The company's quarterly revenue was down 4.8% compared to the same quarter last year. As a group, equities research analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors 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 yield of 9.37%. Carter's's payout ratio is 70.80%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.