Barclays PLC Sells 5,401 Shares of Carter’s, Inc. (NYSE:CRI)

Barclays PLC reduced its holdings in Carter’s, Inc. (NYSE:CRI) by 26.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,676 shares of the textile maker’s stock after selling 5,401 shares during the quarter. Barclays PLC’s holdings in Carter’s were worth $795,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Franklin Resources Inc. raised its holdings in Carter’s by 109.8% during the 3rd quarter. Franklin Resources Inc. now owns 38,617 shares of the textile maker’s stock worth $2,468,000 after buying an additional 20,210 shares during the period. GAMMA Investing LLC lifted its position in Carter’s by 258.0% in the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock valued at $79,000 after acquiring an additional 1,045 shares in the last quarter. Pallas Capital Advisors LLC boosted its stake in Carter’s by 66.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 5,182 shares of the textile maker’s stock worth $281,000 after purchasing an additional 2,074 shares during the period. Oak Thistle LLC bought a new position in Carter’s during the 4th quarter worth about $410,000. Finally, Wedge Capital Management L L P NC raised its stake in shares of Carter’s by 23.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 37,026 shares of the textile maker’s stock valued at $2,006,000 after purchasing an additional 7,075 shares during the period.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CRI shares. Barclays began coverage on Carter’s in a report on Monday, April 28th. They set an “underweight” rating and a $25.00 price objective for the company. Citigroup lowered their price objective on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company downgraded shares of Carter’s from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $40.00 to $25.00 in a research report on Wednesday, April 30th. Finally, UBS Group reduced their price objective on shares of Carter’s from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Carter’s has a consensus rating of “Reduce” and an average price target of $36.20.

Carter’s Stock Down 3.1 %

Carter’s stock opened at $32.79 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The company’s 50-day moving average is $38.28 and its 200-day moving average is $48.50. The firm has a market capitalization of $1.19 billion, a PE ratio of 5.20, a P/E/G ratio of 3.37 and a beta of 1.05. Carter’s, Inc. has a fifty-two week low of $32.04 and a fifty-two week high of $72.11.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.13. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The firm had revenue of $291.09 million for the quarter, compared to analyst estimates of $624.86 million. During the same quarter in the prior year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. Sell-side analysts anticipate that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were issued a $0.80 dividend. The ex-dividend date was Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 9.76%. Carter’s’s dividend payout ratio is currently 70.80%.

Carter’s Company Profile

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.