First Trust Advisors LP Has $14.53 Million Stock Position in Carter’s, Inc. (NYSE:CRI)

First Trust Advisors LP lowered its position in shares of Carter’s, Inc. (NYSE:CRI – Get Rating) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 194,691 shares of the textile maker’s stock after selling 11,414 shares during the quarter. First Trust Advisors LP owned 0.51% of Carter’s worth $14,534,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Barclays PLC raised its stake in shares of Carter’s by 184.5% during the 3rd quarter. Barclays PLC now owns 25,403 shares of the textile maker’s stock worth $1,665,000 after purchasing an additional 16,474 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Carter’s during the 4th quarter worth approximately $617,000. WINTON GROUP Ltd raised its stake in shares of Carter’s by 11.2% during the 3rd quarter. WINTON GROUP Ltd now owns 14,885 shares of the textile maker’s stock worth $975,000 after purchasing an additional 1,496 shares in the last quarter. New York State Common Retirement Fund raised its stake in Carter’s by 8.6% in the 3rd quarter. New York State Common Retirement Fund now owns 108,258 shares of the textile maker’s stock valued at $7,094,000 after acquiring an additional 8,565 shares during the period. Finally, Nicola Wealth Management LTD. raised its stake in Carter’s by 45.8% in the 4th quarter. Nicola Wealth Management LTD. now owns 19,100 shares of the textile maker’s stock valued at $1,930,000 after acquiring an additional 6,000 shares during the period. Institutional investors and hedge funds own 99.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRI. UBS Group dropped their price target on Carter’s from $74.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 29th. StockNews.com began coverage on Carter’s in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. TheStreet cut Carter’s from a “b-” rating to a “c+” rating in a research note on Friday. Citigroup dropped their price target on Carter’s from $62.00 to $60.00 in a research note on Tuesday, May 2nd. Finally, Wedbush cut Carter’s from an “outperform” rating to a “neutral” rating and set a $78.00 price target on the stock. in a research note on Thursday, January 26th.

Carter’s Stock Up 0.5 %

CRI stock opened at $64.53 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.54 and a quick ratio of 1.04. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 11.40 and a beta of 1.23. The business’s fifty day moving average price is $68.82 and its two-hundred day moving average price is $73.19. Carter’s, Inc. has a fifty-two week low of $62.65 and a fifty-two week high of $86.76.

Carter’s (NYSE:CRI – Get Rating) last posted its quarterly earnings data on Friday, April 28th. The textile maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.46. The firm had revenue of $695.80 million for the quarter, compared to analysts’ expectations of $648.58 million. Carter’s had a return on equity of 30.11% and a net margin of 6.97%. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.66 EPS. On average, equities analysts anticipate that Carter’s, Inc. will post 5.97 earnings per share for the current year.

Carter’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Tuesday, May 30th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Friday, May 26th. Carter’s’s dividend payout ratio (DPR) is currently 53.00%.

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.