Shapiro Capital Management LLC Lowers Holdings in Carter’s, Inc. (NYSE:CRI)

Shapiro Capital Management LLC reduced its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 805,580 shares of the textile maker’s stock after selling 30,405 shares during the period. Shapiro Capital Management LLC owned about 2.21% of Carter’s worth $49,922,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC grew its stake in shares of Carter’s by 173.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 17,196 shares of the textile maker’s stock worth $1,456,000 after acquiring an additional 10,897 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Carter’s by 35.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock worth $3,619,000 after purchasing an additional 11,265 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in Carter’s by 86.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 20,019 shares of the textile maker’s stock valued at $1,714,000 after purchasing an additional 9,295 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Carter’s by 2,145.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,580 shares of the textile maker’s stock valued at $2,928,000 after buying an additional 33,040 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Carter’s during the first quarter worth about $1,450,000.

Carter’s Stock Performance

NYSE CRI opened at $66.31 on Tuesday. The company has a fifty day moving average of $64.58 and a two-hundred day moving average of $68.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.09 and a quick ratio of 0.95. Carter’s, Inc. has a 1 year low of $54.74 and a 1 year high of $88.03. The company has a market capitalization of $2.42 billion, a PE ratio of 10.46, a P/E/G ratio of 4.35 and a beta of 1.23.

Carter’s (NYSE:CRI) last announced its earnings results on Friday, July 26th. The textile maker reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.31. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. The firm had revenue of $564.43 million during the quarter, compared to analysts’ expectations of $566.79 million. As a group, analysts expect that Carter’s, Inc. will post 4.9 earnings per share for the current year.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s dividend payout ratio is currently 50.47%.

Analyst Upgrades and Downgrades

CRI has been the topic of several analyst reports. Bank of America reduced their target price on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company lifted their price objective on shares of Carter’s from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $71.17.

Carter’s Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.