Carter’s, Inc. (NYSE:CRI) Holdings Lowered by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in shares of Carter’s, Inc. (NYSE:CRI) by 10.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,263 shares of the textile maker’s stock after selling 7,970 shares during the quarter. Envestnet Asset Management Inc. owned about 0.18% of Carter’s worth $4,956,000 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. Raymond James & Associates raised its position in shares of Carter’s by 29.7% during the 1st quarter. Raymond James & Associates now owns 27,235 shares of the textile maker’s stock worth $2,505,000 after buying an additional 6,241 shares in the last quarter. US Bancorp DE raised its holdings in shares of Carter’s by 6.2% in the 1st quarter. US Bancorp DE now owns 4,787 shares of the textile maker’s stock worth $440,000 after purchasing an additional 280 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Carter’s in the 1st quarter worth approximately $601,000. MetLife Investment Management LLC raised its holdings in shares of Carter’s by 33.4% in the 1st quarter. MetLife Investment Management LLC now owns 27,317 shares of the textile maker’s stock worth $2,513,000 after purchasing an additional 6,834 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Carter’s by 10.5% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,490 shares of the textile maker’s stock worth $1,425,000 after purchasing an additional 1,477 shares in the last quarter.

Carter’s Stock Up 1.5 %

CRI stock opened at $70.61 on Monday. Carter’s, Inc. has a 52-week low of $60.65 and a 52-week high of $86.76. The company’s 50 day simple moving average is $67.69 and its 200-day simple moving average is $68.92. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.30 and a quick ratio of 0.96. The firm has a market capitalization of $2.60 billion, a P/E ratio of 12.89 and a beta of 1.28.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Friday, October 27th. The textile maker reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.30. Carter’s had a net margin of 6.87% and a return on equity of 27.45%. The business had revenue of $792.00 million for the quarter, compared to analyst estimates of $785.91 million. During the same quarter in the previous year, the business earned $1.67 earnings per share. The firm’s revenue was down 3.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Carter’s, Inc. will post 5.96 EPS for the current year.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 28th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Monday, November 27th. Carter’s’s payout ratio is presently 54.74%.

Wall Street Analyst Weigh In

CRI has been the topic of a number of research reports. Wedbush reiterated a “neutral” rating and issued a $72.00 target price on shares of Carter’s in a report on Thursday, August 3rd. StockNews.com upgraded shares of Carter’s from a “hold” rating to a “buy” rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $66.67.

Insider Activity at Carter’s

In related news, CFO Richard F. Westenberger sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $69.24, for a total transaction of $263,112.00. Following the transaction, the chief financial officer now directly owns 105,334 shares of the company’s stock, valued at $7,293,326.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Richard F. Westenberger sold 3,800 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $69.24, for a total transaction of $263,112.00. Following the transaction, the chief financial officer now directly owns 105,334 shares of the company’s stock, valued at $7,293,326.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kendra Krugman sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $69.96, for a total transaction of $139,920.00. Following the transaction, the executive vice president now directly owns 61,169 shares in the company, valued at $4,279,383.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,713 shares of company stock valued at $1,722,878. Corporate insiders own 3.60% of the company’s stock.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S.