Transatlantique Private Wealth LLC Trims Stake in Carter’s, Inc. (NYSE:CRI)

Transatlantique Private Wealth LLC lessened its stake in Carter’s, Inc. (NYSE:CRI) by 25.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,162 shares of the textile maker’s stock after selling 2,143 shares during the period. Transatlantique Private Wealth LLC’s holdings in Carter’s were worth $382,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its holdings in Carter’s by 173.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 17,196 shares of the textile maker’s stock worth $1,456,000 after buying an additional 10,897 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Carter’s during the 4th quarter valued at about $291,000. Price T Rowe Associates Inc. MD increased its stake in shares of Carter’s by 35.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock valued at $3,619,000 after purchasing an additional 11,265 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Carter’s by 86.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 20,019 shares of the textile maker’s stock worth $1,714,000 after purchasing an additional 9,295 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Carter’s by 2,145.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 34,580 shares of the textile maker’s stock worth $2,928,000 after purchasing an additional 33,040 shares in the last quarter.

Analysts Set New Price Targets

CRI has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th. Bank of America cut their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $71.17.

Carter’s Trading Down 1.4 %

Shares of CRI opened at $67.05 on Friday. Carter’s, Inc. has a 52-week low of $54.74 and a 52-week high of $88.03. The stock has a market cap of $2.45 billion, a PE ratio of 10.58, a price-to-earnings-growth ratio of 4.35 and a beta of 1.23. The firm’s fifty day moving average is $64.48 and its two-hundred day moving average is $69.05. The company has a quick ratio of 0.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.61.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Friday, July 26th. The textile maker reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.31. The firm had revenue of $564.43 million for the quarter, compared to analyst estimates of $566.79 million. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. Research analysts forecast that Carter’s, Inc. will post 4.9 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.20 dividend on an annualized basis and a yield of 4.77%. Carter’s’s payout ratio is 50.47%.

Carter’s Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.