Yousif Capital Management LLC Has $1.36 Million Position in Carter’s, Inc. (NYSE:CRI)

Yousif Capital Management LLC decreased its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,210 shares of the textile maker’s stock after selling 183 shares during the period. Yousif Capital Management LLC’s holdings in Carter’s were worth $1,364,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Pacer Advisors Inc. lifted its holdings in shares of Carter’s by 59.3% in the fourth quarter. Pacer Advisors Inc. now owns 632,671 shares of the textile maker’s stock valued at $47,381,000 after purchasing an additional 235,431 shares in the last quarter. Hussman Strategic Advisors Inc. boosted its holdings in Carter’s by 103.2% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the textile maker’s stock worth $4,718,000 after acquiring an additional 32,000 shares during the last quarter. 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 worth $28,220,000 after acquiring an additional 18,901 shares in the last quarter. Dark Forest Capital Management LP raised its holdings in shares of Carter’s by 254.3% in the third quarter. Dark Forest Capital Management LP now owns 77,033 shares of the textile maker’s stock valued at $5,327,000 after purchasing an additional 55,291 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of Carter’s by 7.6% in the fourth quarter. Sound Income Strategies LLC now owns 93,170 shares of the textile maker’s stock valued at $6,977,000 after purchasing an additional 6,561 shares during the last quarter.

Wall Street Analyst Weigh In

CRI has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on shares of Carter’s from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 24th. Evercore ISI upped their target price on Carter’s from $70.00 to $80.00 and gave the company an “in-line” rating in a report on Wednesday, February 28th. StockNews.com lowered Carter’s from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. UBS Group upped their price objective on Carter’s from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Finally, Wedbush lifted their target price on Carter’s from $67.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.80.

Insider Buying and Selling

In related news, Director Mark Hipp sold 1,875 shares of Carter’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 10,216 shares in the company, valued at approximately $835,055.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is owned by insiders.

Carter’s Stock Performance

NYSE:CRI opened at $70.15 on Friday. The company has a market capitalization of $2.56 billion, a P/E ratio of 11.06, a P/E/G ratio of 3.39 and a beta of 1.32. The business has a fifty day simple moving average of $78.71 and a two-hundred day simple moving average of $74.87. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.43 and a quick ratio of 1.30. Carter’s, Inc. has a 1 year low of $60.65 and a 1 year high of $88.03.

Carter’s (NYSE:CRI) last announced its quarterly earnings data 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 return on equity of 28.55% and a net margin of 8.06%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.29 EPS. On average, analysts expect that Carter’s, Inc. will post 6.25 earnings per share for the current year.

Carter’s Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were paid a dividend of $0.80 per share. This is a boost from Carter’s’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Friday, March 8th. Carter’s’s dividend payout ratio is presently 50.47%.

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.