Alliancebernstein L.P. Decreases Stock Holdings in Carter’s, Inc. (NYSE:CRI)

Alliancebernstein L.P. lowered its position in Carter’s, Inc. (NYSE:CRI) by 29.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,692 shares of the textile maker’s stock after selling 14,259 shares during the period. Alliancebernstein L.P. owned approximately 0.09% of Carter’s worth $1,826,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in Carter’s by 155.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock valued at $154,500,000 after acquiring an additional 1,732,857 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Carter’s by 10.4% in the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock worth $211,100,000 after purchasing an additional 366,293 shares in the last quarter. Allianz Asset Management GmbH boosted its position in shares of Carter’s by 40.5% in the 4th quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker’s stock worth $32,040,000 after purchasing an additional 170,528 shares in the last quarter. American Century Companies Inc. grew its stake in Carter’s by 15.4% during the 4th quarter. American Century Companies Inc. now owns 1,067,176 shares of the textile maker’s stock worth $57,830,000 after buying an additional 142,514 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Carter’s by 165.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 209,868 shares of the textile maker’s stock valued at $11,373,000 after buying an additional 130,930 shares during the last quarter.

Carter’s Stock Up 2.4 %

CRI stock opened at $36.29 on Friday. The company has a market capitalization of $1.31 billion, a P/E ratio of 5.76, a price-to-earnings-growth ratio of 3.37 and a beta of 1.09. Carter’s, Inc. has a 12 month low of $32.12 and a 12 month high of $74.40. The firm’s fifty day simple moving average is $42.22 and its 200-day simple moving average is $51.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

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

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date of this dividend was Monday, March 10th. Carter’s’s dividend payout ratio is presently 62.62%.

Analyst Ratings Changes

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