Thrivent Financial for Lutherans Has $1.51 Million Position in Carter’s, Inc. (NYSE:CRI)

Thrivent Financial for Lutherans lifted its position in Carter’s, Inc. (NYSE:CRI) by 228.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,856 shares of the textile maker’s stock after acquiring an additional 19,367 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Carter’s worth $1,510,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. William Blair Investment Management LLC raised its holdings in Carter’s by 1.9% in the fourth quarter. William Blair Investment Management LLC now owns 530,582 shares of the textile maker’s stock worth $28,752,000 after purchasing an additional 9,675 shares during the period. Vestcor Inc acquired a new stake in Carter’s during the 4th quarter worth $152,000. EverSource Wealth Advisors LLC lifted its holdings in Carter’s by 2,112.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock worth $29,000 after acquiring an additional 507 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in Carter’s in the fourth quarter valued at about $165,000. Finally, Ruffer LLP bought a new stake in shares of Carter’s in the fourth quarter worth about $635,000.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CRI shares. Citigroup cut their price objective on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company cut their price target on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Finally, 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 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $49.00.

Carter’s Stock Down 1.9 %

CRI stock opened at $40.48 on Monday. The business has a 50-day moving average of $47.32 and a 200-day moving average of $54.36. Carter’s, Inc. has a fifty-two week low of $38.84 and a fifty-two week high of $86.24. The stock has a market capitalization of $1.46 billion, a P/E ratio of 6.43, a P/E/G ratio of 3.37 and a beta of 1.24. 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 released its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, topping 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 firm had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. During the same quarter in the prior year, the firm posted $2.76 EPS. The business’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a dividend of $0.80 per share. The ex-dividend date was Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 7.90%. Carter’s’s dividend payout ratio (DPR) is presently 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.