Carter’s, Inc. (NYSE:CRI) Stock Holdings Lessened by Putnam Investments LLC

Putnam Investments LLC lowered its stake in Carter’s, Inc. (NYSE:CRI – Get Rating) by 5.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,710 shares of the textile maker’s stock after selling 2,500 shares during the period. Putnam Investments LLC owned approximately 0.12% of Carter’s worth $2,996,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of CRI. Fuller & Thaler Asset Management Inc. increased its holdings in shares of Carter’s by 17,623.0% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 450,695 shares of the textile maker’s stock valued at $41,459,000 after buying an additional 448,152 shares in the last quarter. William Blair Investment Management LLC grew its position in Carter’s by 9,436.7% during the 2nd quarter. William Blair Investment Management LLC now owns 450,896 shares of the textile maker’s stock worth $31,779,000 after purchasing an additional 446,168 shares in the last quarter. Royce & Associates LP grew its position in Carter’s by 173.1% during the 3rd quarter. Royce & Associates LP now owns 445,045 shares of the textile maker’s stock worth $29,164,000 after purchasing an additional 282,095 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Carter’s by 161.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 434,571 shares of the textile maker’s stock worth $30,628,000 after purchasing an additional 268,415 shares in the last quarter. Finally, LSV Asset Management grew its position in Carter’s by 20.7% during the 3rd quarter. LSV Asset Management now owns 1,222,938 shares of the textile maker’s stock worth $80,139,000 after purchasing an additional 209,604 shares in the last quarter. Institutional investors own 99.13% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wedbush cut shares of Carter’s from an “outperform” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a research report on Thursday, January 26th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $82.25.

Insider Buying and Selling

In related news, CEO Michael Dennis Casey sold 3,145 shares of the company’s stock in a transaction on Tuesday, December 27th. The shares were sold at an average price of $75.03, for a total value of $235,969.35. Following the completion of the sale, the chief executive officer now directly owns 380,162 shares in the company, valued at $28,523,554.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is currently owned by corporate insiders.

Carter’s Trading Down 2.5 %

Carter’s stock opened at $70.02 on Friday. The company’s fifty day simple moving average is $78.57 and its 200-day simple moving average is $74.29. The company has a quick ratio of 0.84, a current ratio of 2.25 and a debt-to-equity ratio of 0.77. Carter’s, Inc. has a 12 month low of $62.65 and a 12 month high of $97.68. The stock has a market cap of $2.64 billion, a P/E ratio of 10.99 and a beta of 1.25.

Carter’s (NYSE:CRI – Get Rating) last posted its quarterly earnings results on Friday, February 24th. The textile maker reported $2.29 EPS for the quarter, beating the consensus estimate of $1.74 by $0.55. Carter’s had a net margin of 7.78% and a return on equity of 45.25%. The business had revenue of $912.10 million for the quarter, compared to analysts’ expectations of $897.27 million. During the same period in the previous year, the company posted $2.31 EPS. Carter’s’s revenue was down 14.1% on a year-over-year basis. As a group, sell-side analysts forecast that Carter’s, Inc. will post 5.88 EPS for the current fiscal year.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Stockholders of record on Tuesday, March 7th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Monday, March 6th. Carter’s’s dividend payout ratio is currently 47.10%.

Carter’s Company Profile

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Carter’s, Inc engages in the marketing of apparel for babies and young children. It operates through the following segments: U.S. Retail, U.S. Wholesale, and International. The U.S. retail segment consists of sales of products in retail and online stores. The U.S. Wholesale segment includes sales in the United States of products to wholesale partners.