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

Victory Capital Management Inc. trimmed its position in Carter’s, Inc. (NYSE:CRI) 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:CRI) 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.

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.