Truist Financial Corp Sells 495 Shares of Carter’s, Inc. (NYSE:CRI)

Truist Financial Corp trimmed its holdings in Carter’s, Inc. (NYSE:CRI) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,177 shares of the textile maker’s stock after selling 495 shares during the period. Truist Financial Corp’s holdings in Carter’s were worth $931,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CRI. Pacer Advisors Inc. grew its position 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 worth $154,500,000 after acquiring an additional 1,732,857 shares in the last quarter. Verition Fund Management LLC boosted its holdings in shares of Carter’s by 70.4% during the 3rd quarter. Verition Fund Management LLC now owns 300,661 shares of the textile maker’s stock worth $19,537,000 after buying an additional 124,191 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Carter’s by 109.0% during the 4th quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker’s stock worth $9,473,000 after buying an additional 91,162 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Carter’s by 168.4% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 116,278 shares of the textile maker’s stock worth $6,301,000 after buying an additional 72,962 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Carter’s during the 3rd quarter worth $4,391,000.

Analyst Ratings Changes

CRI has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday. Citigroup decreased their price objective on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Wells Fargo & Company decreased their price objective on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.00.

Carter’s Stock Down 2.0 %

Shares of NYSE:CRI opened at $41.30 on Friday. Carter’s, Inc. has a 12 month low of $40.76 and a 12 month high of $88.03. The company’s 50-day moving average price is $52.30 and its two-hundred day moving average price is $57.97. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.49 billion, a P/E ratio of 6.56, a P/E/G ratio of 3.37 and a beta of 1.21.

Carter’s (NYSE:CRI) last issued its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (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 company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $2.76 EPS. As a group, research analysts forecast that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be given a $0.80 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.75%. Carter’s’s dividend payout ratio is 62.62%.

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.