Carter's, Inc. (NYSE:CRI) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its position in Carter's, Inc. (NYSE:CRI - Free Report) by 36.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,912 shares of the textile maker's stock after selling 15,346 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.07% of Carter's worth $1,459,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CRI. Jones Financial Companies Lllp lifted its stake in shares of Carter's by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after buying an additional 270 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Carter's by 2,112.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock valued at $29,000 after buying an additional 507 shares in the last quarter. Venturi Wealth Management LLC lifted its position in Carter's by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after acquiring an additional 268 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of Carter's during the fourth quarter valued at approximately $54,000. Finally, AlphaQuest LLC grew its position in Carter's by 16,314.3% during the fourth quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock valued at $62,000 after buying an additional 1,142 shares during the period.

Analyst Ratings Changes

A number of equities analysts have commented on CRI shares. UBS Group dropped their price objective on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company boosted their price target on shares of Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a report on Wednesday. Barclays began coverage on shares of Carter's in a research note on Monday, April 28th. They set an "underweight" rating and a $25.00 price objective for the company. Finally, Citigroup dropped 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 report on Wednesday, February 26th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, Carter's currently has an average rating of "Reduce" and a consensus price target of $36.80.

Carter's Stock Performance

Carter's stock traded up $0.46 during mid-day trading on Wednesday, reaching $36.11. 242,616 shares of the company were exchanged, compared to its average volume of 1,260,008. The firm has a market cap of $1.32 billion, a PE ratio of 5.73, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter's, Inc. has a twelve month low of $32.04 and a twelve month high of $72.11. The firm's 50-day simple moving average is $37.62 and its two-hundred day simple moving average is $47.47.

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 analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $624.86 million. During the same period in the previous year, the firm posted $0.98 earnings per share. The company's quarterly revenue was down 4.8% compared to the same quarter last year. Equities analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Announces Dividend

The business 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 of this dividend was Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 8.86%. Carter's's dividend payout ratio (DPR) is presently 70.80%.

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.