State of Alaska Department of Revenue Decreases Holdings in Carter’s, Inc. (NYSE:CRI)

State of Alaska Department of Revenue trimmed its stake in shares of Carter’s, Inc. (NYSE:CRI) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,078 shares of the textile maker’s stock after selling 380 shares during the period. State of Alaska Department of Revenue’s holdings in Carter’s were worth $305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CRI. Coppell Advisory Solutions Corp. purchased a new position in Carter’s during the fourth quarter valued at $35,000. Ronald Blue Trust Inc. raised its position in shares of Carter’s by 366.7% in the third quarter. Ronald Blue Trust Inc. now owns 490 shares of the textile maker’s stock valued at $36,000 after buying an additional 385 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of Carter’s by 159.4% in the first quarter. Parkside Financial Bank & Trust now owns 415 shares of the textile maker’s stock valued at $38,000 after buying an additional 255 shares during the last quarter. Blue Trust Inc. raised its position in shares of Carter’s by 28.6% in the fourth quarter. Blue Trust Inc. now owns 630 shares of the textile maker’s stock valued at $44,000 after buying an additional 140 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. raised its position in shares of Carter’s by 365.4% in the fourth quarter. Industrial Alliance Investment Management Inc. now owns 712 shares of the textile maker’s stock valued at $53,000 after buying an additional 559 shares during the last quarter.

Carter’s Price Performance

Carter’s stock opened at $73.09 on Friday. Carter’s, Inc. has a 12-month low of $60.65 and a 12-month high of $88.03. The stock has a market cap of $2.68 billion, a P/E ratio of 11.66, a PEG ratio of 2.17 and a beta of 1.29. The company has a 50-day moving average price of $81.36 and a 200 day moving average price of $74.50. The company has a current ratio of 2.15, a quick ratio of 1.10 and a debt-to-equity ratio of 0.59.

Carter’s (NYSE:CRI) last announced its earnings results on Tuesday, February 27th. The textile maker reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.52 by $0.24. The company had revenue of $858.00 million during the quarter, compared to analyst estimates of $867.81 million. Carter’s had a net margin of 7.89% and a return on equity of 28.79%. Carter’s’s revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.29 earnings per share. Sell-side analysts anticipate that Carter’s, Inc. will post 6.52 earnings per share for the current year.

Carter’s Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from Carter’s’s previous quarterly dividend of $0.75. Carter’s’s dividend payout ratio (DPR) is 51.04%.

Insiders Place Their Bets

In other Carter’s news, Director Mark Hipp sold 1,875 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $81.74, for a total transaction of $153,262.50. Following the completion of the transaction, the director now owns 10,216 shares of the company’s stock, valued at $835,055.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CRI shares. Citigroup increased their target price on shares of Carter’s from $60.00 to $66.00 and gave the company a “sell” rating in a research report on Wednesday, February 21st. Monness Crespi & Hardt cut shares of Carter’s from a “buy” rating to a “neutral” rating in a research report on Monday, February 26th. StockNews.com cut shares of Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group raised their price objective on shares of Carter’s from $76.00 to $79.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Wedbush raised their price objective on shares of Carter’s from $67.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, Carter’s presently has an average rating of “Hold” and an average target price of $75.75.

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. It operates through three segments: U.S.