Amalgamated Bank Sells 5,370 Shares of Carter’s, Inc. (NYSE:CRI)

Amalgamated Bank decreased its position in Carter’s, Inc. (NYSE:CRI) by 32.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,283 shares of the textile maker’s stock after selling 5,370 shares during the quarter. Amalgamated Bank’s holdings in Carter’s were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of Carter’s by 44.4% in the 3rd quarter. Creative Planning now owns 6,848 shares of the textile maker’s stock worth $445,000 after purchasing an additional 2,104 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Carter’s in the 3rd quarter worth approximately $329,000. Capital Performance Advisors LLP purchased a new position in shares of Carter’s in the 3rd quarter worth approximately $28,000. Easterly Investment Partners LLC boosted its holdings in shares of Carter’s by 2.6% in the 3rd quarter. Easterly Investment Partners LLC now owns 27,933 shares of the textile maker’s stock worth $1,815,000 after purchasing an additional 706 shares during the period. Finally, Atria Investments Inc boosted its holdings in shares of Carter’s by 78.8% in the 3rd quarter. Atria Investments Inc now owns 6,161 shares of the textile maker’s stock worth $400,000 after purchasing an additional 2,715 shares during the period.

Analyst Ratings Changes

A number of equities analysts have recently commented on CRI shares. Citigroup dropped their target price on 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 dropped their target price on Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company dropped their target price on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $49.00.

Carter’s Price Performance

CRI opened at $40.88 on Wednesday. The business has a fifty day moving average of $51.75 and a 200 day moving average of $57.62. Carter’s, Inc. has a 52-week low of $40.76 and a 52-week high of $88.03. 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 stock has a market cap of $1.47 billion, a P/E ratio of 6.49, a PEG ratio of 3.37 and a beta of 1.24.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.52. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The company had revenue of $859.70 million during the quarter, compared to analysts’ expectations of $835.82 million. During the same quarter in the previous year, the business earned $2.76 EPS. Carter’s’s revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 7.83%. The ex-dividend date is Monday, March 10th. Carter’s’s dividend payout ratio is 62.62%.

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.