Needham Investment Management LLC lowered its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 12.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 156,800 shares of the textile maker's stock after selling 22,750 shares during the quarter. Needham Investment Management LLC owned about 0.44% of Carter's worth $8,497,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp boosted its holdings in Carter's by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after acquiring an additional 270 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Carter's by 2,112.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock valued at $29,000 after purchasing an additional 507 shares in the last quarter. Colonial Trust Co SC acquired a new position in shares of Carter's in the 4th quarter valued at approximately $29,000. Venturi Wealth Management LLC raised its position in shares of Carter's by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after purchasing an additional 268 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Carter's in the 4th quarter valued at approximately $54,000.
Carter's Stock Performance
Shares of CRI stock traded up $0.79 during trading on Friday, reaching $37.08. The company had a trading volume of 1,357,234 shares, compared to its average volume of 1,274,042. The firm's 50 day simple moving average is $37.35 and its two-hundred day simple moving average is $47.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter's, Inc. has a one year low of $32.04 and a one year high of $71.99. The company has a market capitalization of $1.35 billion, a PE ratio of 5.88, a PEG ratio of 3.37 and a beta of 1.05.
Carter's (NYSE:CRI - Get Free Report) last issued its quarterly 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. The company had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The company's revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 EPS. Sell-side analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current year.
Carter's Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 8.63%. The ex-dividend date of this dividend was Monday, March 10th. Carter's's dividend payout ratio is currently 70.80%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on CRI shares. Wells Fargo & Company upped their price target on Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a research report on Wednesday. Barclays began coverage on Carter's in a report on Monday, April 28th. They set an "underweight" rating and a $25.00 target price on the stock. Citigroup decreased their price target on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, UBS Group decreased their price objective on Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average price target of $36.80.
Get Our Latest Stock Report on CRI
About Carter's
(
Free Report)
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.
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