Carter’s, Inc. (NYSE:CRI) Holdings Decreased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC trimmed its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 16.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,579 shares of the textile maker’s stock after selling 3,626 shares during the period. HBK Sorce Advisory LLC owned approximately 0.05% of Carter’s worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Carter’s by 10.4% during the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock valued at $211,100,000 after purchasing an additional 366,293 shares in the last quarter. RWWM Inc. boosted its stake in shares of Carter’s by 145.3% during the 1st quarter. RWWM Inc. now owns 2,190,482 shares of the textile maker’s stock valued at $89,591,000 after buying an additional 1,297,607 shares during the period. First Trust Advisors LP grew 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 acquiring an additional 479,961 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Carter’s by 124.4% in the fourth quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker’s stock worth $93,134,000 after acquiring an additional 964,494 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Carter’s by 13.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,489 shares of the textile maker’s stock worth $67,651,000 after acquiring an additional 149,058 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CRI. UBS Group lowered their target price on Carter’s from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company lifted their price target on Carter’s from $25.00 to $28.00 and gave the company an “underweight” rating in a report on Wednesday, May 14th. Barclays started coverage on Carter’s in a report on Monday, April 28th. They issued an “underweight” rating and a $25.00 price objective on the stock. Finally, Citigroup cut their price objective 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 equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat, Carter’s has an average rating of “Reduce” and an average price target of $36.80.

Carter’s Trading Down 3.0%

Carter’s stock opened at $30.21 on Thursday. Carter’s, Inc. has a one year low of $29.36 and a one year high of $71.99. The company’s fifty day moving average price is $33.24 and its two-hundred day moving average price is $42.85. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.56 and a quick ratio of 1.40. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 6.68 and a beta of 1.00.

Carter’s (NYSE:CRI) last released its quarterly 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 return on equity of 23.50% and a net margin of 5.80%. The company had revenue of $291.09 million during the quarter, compared to the consensus estimate of $624.86 million. During the same quarter in the prior year, the company posted $0.98 EPS. The firm’s revenue was down 4.8% on a year-over-year basis. On average, analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 20th. Shareholders of record on Tuesday, June 3rd were issued a dividend of $0.25 per share. This represents a yield of 3.19%. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase from Carter’s’s previous dividend of $0.22. Carter’s’s dividend payout ratio (DPR) is 22.12%.

Carter’s 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.