Carter’s, Inc. (NYSE:CRI) Shares Sold by Graypoint LLC

Graypoint LLC lessened its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 9.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,585 shares of the textile maker’s stock after selling 595 shares during the quarter. Graypoint LLC’s holdings in Carter’s were worth $418,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Raymond James & Associates lifted its holdings in Carter’s by 29.7% during the first quarter. Raymond James & Associates now owns 27,235 shares of the textile maker’s stock worth $2,505,000 after acquiring an additional 6,241 shares in the last quarter. US Bancorp DE lifted its holdings in Carter’s by 6.2% during the first quarter. US Bancorp DE now owns 4,787 shares of the textile maker’s stock worth $440,000 after acquiring an additional 280 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Carter’s in the first quarter valued at approximately $601,000. MetLife Investment Management LLC raised its holdings in shares of Carter’s by 33.4% in the first quarter. MetLife Investment Management LLC now owns 27,317 shares of the textile maker’s stock valued at $2,513,000 after purchasing an additional 6,834 shares during 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 first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,490 shares of the textile maker’s stock valued at $1,425,000 after purchasing an additional 1,477 shares during the last quarter.

Carter’s Trading Down 1.9 %

Shares of Carter’s stock opened at $73.09 on Monday. The firm has a 50-day moving average of $81.36 and a 200-day moving average of $74.54. The stock has a market cap of $2.68 billion, a PE ratio of 11.66, a PEG ratio of 2.13 and a beta of 1.29. Carter’s, Inc. has a 52-week low of $60.65 and a 52-week high of $88.03. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.10 and a current ratio of 2.15.

Carter’s (NYSE:CRI) last announced its earnings results on Tuesday, February 27th. The textile maker reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.52 by $0.24. The company had revenue of $858.00 million during the quarter, compared to analysts’ expectations of $867.81 million. Carter’s had a net margin of 7.89% and a return on equity of 28.79%. Carter’s’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.29 earnings per share. As a group, sell-side analysts forecast that Carter’s, Inc. will post 6.52 EPS for the current year.

Carter’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were given a dividend of $0.80 per share. This is a boost from Carter’s’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 8th. This represents a $3.20 annualized dividend and a yield of 4.38%. Carter’s’s dividend payout ratio is currently 51.04%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of Carter’s from $70.00 to $80.00 and gave the company an “in-line” rating in a report on Wednesday, February 28th. Citigroup boosted their target price on shares of Carter’s from $60.00 to $66.00 and gave the stock a “sell” rating in a report on Wednesday, February 21st. UBS Group boosted their target price on shares of Carter’s from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Wedbush boosted their target price on shares of Carter’s from $67.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, February 23rd. Finally, Monness Crespi & Hardt downgraded shares of Carter’s from a “buy” rating to a “neutral” rating in a report on Monday, February 26th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $75.75.

Insider Buying and Selling

In related news, Director Mark Hipp sold 1,875 shares of the company’s 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 sale, the director now owns 10,216 shares of the company’s stock, valued at $835,055.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is currently owned by company insiders.

About Carter’s

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.