Wasatch Advisors LP Sells 630,748 Shares of Carter’s, Inc. (NYSE:CRI)

Wasatch Advisors LP cut its holdings in Carter’s, Inc. (NYSE:CRI) by 98.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,378 shares of the textile maker’s stock after selling 630,748 shares during the period. Wasatch Advisors LP’s holdings in Carter’s were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRI. Jones Financial Companies Lllp grew its stake in shares of Carter’s by 114.4% in 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 during the period. EverSource Wealth Advisors LLC grew its stake in Carter’s by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 507 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Carter’s by 36.9% during the fourth 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 in the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Carter’s during the fourth quarter worth approximately $54,000. Finally, AlphaQuest LLC lifted its holdings in shares of Carter’s by 16,314.3% in the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker’s stock worth $62,000 after purchasing an additional 1,142 shares in the last quarter.

Carter’s Stock Performance

NYSE CRI opened at $36.29 on Friday. The company has a fifty day moving average price of $42.22 and a 200-day moving average price of $51.22. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 5.76, a PEG ratio of 3.37 and a beta of 1.09. 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 1 year low of $32.12 and a 1 year high of $74.40.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $835.82 million. During the same quarter last year, the business posted $2.76 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts predict that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders 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 dividend on an annualized basis and a yield of 8.82%. Carter’s’s dividend payout ratio (DPR) is presently 62.62%.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group decreased their price target 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 lowered their target price on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company cut their price target on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company 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.