Carter’s, Inc. (NYSE:CRI) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in Carter’s, Inc. (NYSE:CRI) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,090 shares of the textile maker’s stock after selling 2,890 shares during the period. Nisa Investment Advisors LLC’s holdings in Carter’s were worth $1,280,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CRI. Pacer Advisors Inc. grew its stake in shares of Carter’s by 59.3% in the 4th quarter. Pacer Advisors Inc. now owns 632,671 shares of the textile maker’s stock valued at $47,381,000 after buying an additional 235,431 shares during the period. Northern Trust Corp grew its stake in shares of Carter’s by 4.9% in the 3rd quarter. Northern Trust Corp now owns 408,095 shares of the textile maker’s stock valued at $28,220,000 after buying an additional 18,901 shares during the period. Dark Forest Capital Management LP grew its stake in shares of Carter’s by 254.3% in the 3rd quarter. Dark Forest Capital Management LP now owns 77,033 shares of the textile maker’s stock valued at $5,327,000 after buying an additional 55,291 shares during the period. Sound Income Strategies LLC grew its stake in shares of Carter’s by 7.6% in the 4th quarter. Sound Income Strategies LLC now owns 93,170 shares of the textile maker’s stock valued at $6,977,000 after buying an additional 6,561 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of Carter’s by 10.7% in the 3rd quarter. Victory Capital Management Inc. now owns 168,723 shares of the textile maker’s stock valued at $11,667,000 after buying an additional 16,294 shares during the period.

Insider Activity

In other news, Director Mark Hipp sold 1,875 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $81.74, for a total value of $153,262.50. Following the sale, the director now directly owns 10,216 shares in the company, valued at approximately $835,055.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup increased their price target on shares of Carter’s from $60.00 to $66.00 and gave the company a “sell” rating in a research note on Wednesday, February 21st. Wedbush increased their price target on shares of Carter’s from $67.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, February 23rd. Monness Crespi & Hardt cut shares of Carter’s from a “buy” rating to a “neutral” rating in a research report on Monday, February 26th. Evercore ISI increased their price objective on shares of Carter’s from $70.00 to $80.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 28th. Finally, TheStreet raised shares of Carter’s from a “c+” rating to a “b-” rating in a research report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, Carter’s has an average rating of “Hold” and a consensus target price of $75.75.

Carter’s Price Performance

Carter’s stock opened at $73.09 on Monday. The firm has a market cap of $2.68 billion, a PE ratio of 11.66, a price-to-earnings-growth 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 quick ratio of 1.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $81.36 and its two-hundred day moving average is $74.54.

Carter’s (NYSE:CRI) last released its earnings results on Tuesday, February 27th. The textile maker reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.52 by $0.24. The company had revenue of $858.00 million for 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%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $2.29 EPS. On average, research analysts expect that Carter’s, Inc. will post 6.52 EPS for the current fiscal year.

Carter’s Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were issued a dividend of $0.80 per share. 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. This represents a $3.20 dividend on an annualized basis and a yield of 4.38%. Carter’s’s dividend payout ratio is 51.04%.

Carter’s 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.