US Bancorp DE Sells 305 Shares of Carter’s, Inc. (NYSE:CRI)

US Bancorp DE cut its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 23.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 971 shares of the textile maker’s stock after selling 305 shares during the period. US Bancorp DE’s holdings in Carter’s were worth $53,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC boosted its holdings in Carter’s by 36.9% during the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after purchasing an additional 268 shares during the last quarter. Truvestments Capital LLC purchased a new position in Carter’s during the third quarter worth about $74,000. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 1,045 shares during the last quarter. KBC Group NV boosted its holdings in Carter’s by 136.7% during the fourth quarter. KBC Group NV now owns 1,780 shares of the textile maker’s stock worth $96,000 after purchasing an additional 1,028 shares during the last quarter. Finally, PEAK6 Investments LLC purchased a new position in Carter’s during the third quarter worth about $208,000.

Carter’s Stock Down 0.4 %

CRI opened at $40.91 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 6.49, a PEG ratio of 3.37 and a beta of 1.24. Carter’s, Inc. has a twelve month low of $38.84 and a twelve month high of $86.24. The company’s 50-day moving average price is $49.15 and its two-hundred day moving average price is $55.85.

Carter’s (NYSE:CRI) last released its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.52. The firm had revenue of $859.70 million for the quarter, compared to analysts’ expectations of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $2.76 earnings per share. As a group, equities analysts expect that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.82%. The ex-dividend date of this dividend is Monday, March 10th. Carter’s’s payout ratio is currently 62.62%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CRI shares. 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 report on Wednesday, February 26th. Citigroup cut their price target on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, UBS Group dropped their target price on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $49.00.

Carter’s Company 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.