Carter’s, Inc. (NYSE:CRI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in shares of Carter’s, Inc. (NYSE:CRI) by 18.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,892 shares of the textile maker’s stock after selling 4,000 shares during the period. New York State Common Retirement Fund’s holdings in Carter’s were worth $732,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CRI. Colonial Trust Co SC purchased a new stake in Carter’s during the 4th quarter valued at about $29,000. Allworth Financial LP boosted its holdings in shares of Carter’s by 313.1% during the 1st quarter. Allworth Financial LP now owns 723 shares of the textile maker’s stock worth $28,000 after purchasing an additional 548 shares during the last quarter. True Wealth Design LLC grew its position in shares of Carter’s by 173.0% in the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 571 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Carter’s in the fourth quarter valued at approximately $54,000. Finally, Parallel Advisors LLC increased its holdings in shares of Carter’s by 80.9% in the first quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 475 shares during the last quarter.

Carter’s Trading Down 19.5%

Shares of CRI stock opened at $26.36 on Friday. The business’s fifty day moving average price is $31.64 and its 200 day moving average price is $39.30. The firm has a market capitalization of $960.38 million, a PE ratio of 5.83 and a beta of 0.98. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.56 and a quick ratio of 1.40. Carter’s, Inc. has a 1-year low of $23.50 and a 1-year high of $71.99.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Friday, July 25th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.26). Carter’s had a return on equity of 23.50% and a net margin of 5.80%. The firm had revenue of $585.31 million for the quarter, compared to analyst estimates of $563.24 million. During the same period last year, the firm earned $0.76 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, June 3rd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase from Carter’s’s previous dividend of $0.22. This represents a yield of 3.19%. Carter’s’s dividend payout ratio is 22.12%.

Analyst Ratings Changes

CRI has been the subject of several recent analyst reports. UBS Group cut 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 report on Monday, April 28th. Barclays began coverage on shares of Carter’s in a research note on Monday, April 28th. They issued an “underweight” rating and a $25.00 price target for the company. Finally, Wells Fargo & Company lifted their price target on shares of Carter’s from $25.00 to $28.00 and gave the company an “underweight” rating in a research report on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $36.80.

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.