Carter’s, Inc. (NYSE:CRI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in Carter’s, Inc. (NYSE:CRIFree Report) by 55.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,904 shares of the textile maker’s stock after selling 87,164 shares during the period. Victory Capital Management Inc. owned approximately 0.20% of Carter’s worth $3,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in shares of Carter’s by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after buying an additional 270 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Carter’s by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after buying an additional 500 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Carter’s during the third quarter worth $74,000. GAMMA Investing LLC lifted its stake in shares of Carter’s by 258.0% during the fourth quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock worth $79,000 after buying an additional 1,045 shares during the period. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Carter’s by 8,394.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,614 shares of the textile maker’s stock worth $87,000 after buying an additional 1,595 shares during the period.

Carter’s Trading Down 0.2 %

NYSE CRI opened at $39.81 on Friday. The company has a market capitalization of $1.43 billion, a PE ratio of 6.32, a P/E/G ratio of 3.37 and a beta of 1.24. The company has a fifty day moving average of $49.65 and a 200 day moving average of $56.28. Carter’s, Inc. has a 1 year low of $39.25 and a 1 year high of $86.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

Carter’s (NYSE:CRIGet Free Report) last posted its earnings results 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. The company had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.76 earnings per share. Research analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a yield of 8.04%. Carter’s’s payout ratio is 62.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CRI shares. UBS Group lowered 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. Citigroup lowered 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. Finally, Wells Fargo & Company lowered 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. One 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 currently has an average rating of “Hold” and a consensus price target of $49.00.

Get Our Latest Report on Carter’s

Carter’s Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Carter's (NYSE:CRI)

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