Man Group plc Sells 55,624 Shares of Carter’s, Inc. (NYSE:CRI)

Man Group plc decreased its position in Carter’s, Inc. (NYSE:CRI) by 89.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,752 shares of the textile maker’s stock after selling 55,624 shares during the period. Man Group plc’s holdings in Carter’s were worth $366,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 366,293 shares during the last quarter. 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 valued at $154,500,000 after acquiring an additional 1,732,857 shares during the last quarter. First Trust Advisors LP lifted its position in Carter’s by 33.3% during the fourth quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker’s stock valued at $104,042,000 after acquiring an additional 479,961 shares during the last quarter. AQR Capital Management LLC lifted its position in Carter’s by 124.4% during the fourth quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker’s stock valued at $93,134,000 after acquiring an additional 964,494 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Carter’s by 13.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,489 shares of the textile maker’s stock valued at $67,651,000 after acquiring an additional 149,058 shares during the last quarter.

Carter’s Trading Down 3.0%

Shares of Carter’s stock opened at $31.38 on Tuesday. The stock has a market cap of $1.14 billion, a PE ratio of 4.98, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05. 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 firm has a fifty day moving average price of $36.39 and a 200 day moving average price of $46.19. Carter’s, Inc. has a 1 year low of $31.07 and a 1 year high of $71.99.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CRI shares. Barclays initiated coverage on shares of Carter’s in a research report on Monday, April 28th. They set an “underweight” rating and a $25.00 target price for the company. Citigroup decreased their price target 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. UBS Group decreased their price target on shares of Carter’s from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Finally, Wells Fargo & Company raised their price target on shares of Carter’s from $25.00 to $28.00 and gave the stock an “underweight” rating in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $36.80.

Carter’s 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.