Thrivent Financial for Lutherans Has $547,000 Stake in Carter’s, Inc. (NYSE:CRI)

Thrivent Financial for Lutherans cut its stake in Carter’s, Inc. (NYSE:CRI) by 4.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,819 shares of the textile maker’s stock after selling 409 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Carter’s were worth $547,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Crossmark Global Holdings Inc. acquired a new position in Carter’s in the fourth quarter valued at about $903,000. Dean Capital Management lifted its stake in Carter’s by 2.3% in the fourth quarter. Dean Capital Management now owns 15,762 shares of the textile maker’s stock valued at $1,180,000 after buying an additional 356 shares in the last quarter. Brevan Howard Capital Management LP bought a new stake in shares of Carter’s during the fourth quarter worth $1,670,000. Goldman Sachs Group Inc. raised its holdings in shares of Carter’s by 189.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 265,680 shares of the textile maker’s stock worth $19,897,000 after acquiring an additional 173,855 shares during the period. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in Carter’s in the 4th quarter valued at $37,000.

Carter’s Stock Performance

CRI opened at $61.20 on Wednesday. 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, Inc. has a 12-month low of $54.74 and a 12-month high of $88.03. The business has a 50 day moving average of $65.44 and a 200-day moving average of $67.20. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 4.19 and a beta of 1.23.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Friday, July 26th. The textile maker reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.31. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. The business had revenue of $564.43 million during the quarter, compared to the consensus estimate of $566.79 million. On average, equities research analysts expect that Carter’s, Inc. will post 4.9 earnings per share for the current year.

Carter’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were paid a $0.80 dividend. 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 5.23%. Carter’s’s dividend payout ratio (DPR) is currently 50.47%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CRI shares. Bank of America dropped their target price on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research report on Monday, July 29th. Wells Fargo & Company lifted their price target on shares of Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.17.

Carter’s Company 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.