Mutual of America Capital Management LLC Sells 14,071 Shares of Carter’s, Inc. (NYSE:CRI)

Mutual of America Capital Management LLC decreased its stake in Carter’s, Inc. (NYSE:CRI) by 72.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,459 shares of the textile maker’s stock after selling 14,071 shares during the period. Mutual of America Capital Management LLC’s holdings in Carter’s were worth $296,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Carter’s in the 3rd quarter worth $683,000. Principal Financial Group Inc. boosted its stake in shares of Carter’s by 109.0% in the 4th quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker’s stock valued at $9,473,000 after purchasing an additional 91,162 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Carter’s by 79.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker’s stock valued at $9,913,000 after purchasing an additional 67,460 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Carter’s by 40.5% in the 4th quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker’s stock valued at $32,040,000 after purchasing an additional 170,528 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Carter’s by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock valued at $76,144,000 after purchasing an additional 42,589 shares in the last quarter.

Carter’s Trading Up 6.0 %

Shares of CRI opened at $44.02 on Tuesday. The stock has a market capitalization of $1.59 billion, a P/E ratio of 6.99, a PEG ratio of 3.37 and a beta of 1.24. 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 fifty day simple moving average of $50.72 and a two-hundred day simple moving average of $56.96. Carter’s, Inc. has a twelve month low of $39.89 and a twelve month high of $88.03.

Carter’s (NYSE:CRI) last posted its earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping the consensus estimate of $1.87 by $0.52. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The firm had revenue of $859.70 million during the quarter, compared to analysts’ expectations of $835.82 million. During the same period last year, the company posted $2.76 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts anticipate that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be given a $0.80 dividend. The ex-dividend date is Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 7.27%. Carter’s’s dividend payout ratio is 62.62%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company cut 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 research note on Wednesday, February 26th. UBS Group cut their price objective on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Finally, Citigroup cut their price objective on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, Carter’s currently has an average rating of “Hold” and an average target price of $49.00.

Carter’s Company 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.