Carter’s, Inc. (NYSE:CRI) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. cut its stake in shares of Carter’s, Inc. (NYSE:CRI) by 96.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,518 shares of the textile maker’s stock after selling 41,205 shares during the period. Corebridge Financial Inc.’s holdings in Carter’s were worth $82,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in Carter’s by 155.0% during the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock worth $154,500,000 after buying an additional 1,732,857 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Carter’s by 10.4% in the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock valued at $211,100,000 after purchasing an additional 366,293 shares during the period. Allianz Asset Management GmbH grew its position in shares of Carter’s by 40.5% during the fourth quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker’s stock worth $32,040,000 after buying an additional 170,528 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Carter’s by 15.4% in the 4th quarter. American Century Companies Inc. now owns 1,067,176 shares of the textile maker’s stock valued at $57,830,000 after purchasing an additional 142,514 shares in the last quarter. Finally, Ieq Capital LLC lifted its position in shares of Carter’s by 2,799.6% during the 4th quarter. Ieq Capital LLC now owns 103,285 shares of the textile maker’s stock worth $5,597,000 after buying an additional 99,723 shares during the last quarter.

Carter’s Trading Down 2.3 %

Shares of CRI opened at $35.88 on Wednesday. The company has a market capitalization of $1.29 billion, a PE ratio of 5.70, a price-to-earnings-growth ratio of 3.37 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter’s, Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $74.40. The stock has a fifty day moving average of $42.84 and a two-hundred day moving average of $51.53.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.52. The business had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.76 EPS. As a group, analysts forecast that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 8.92%. The ex-dividend date of this dividend was Monday, March 10th. Carter’s’s dividend payout ratio (DPR) is presently 62.62%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Citigroup dropped their target price on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, UBS Group reduced their target price on Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th.

About Carter’s

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.