Carter’s, Inc. (NYSE:CRI) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in Carter’s, Inc. (NYSE:CRI) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,694 shares of the textile maker’s stock after selling 271 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Carter’s were worth $417,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pathstone Holdings LLC raised its position in Carter’s by 6.3% in the third quarter. Pathstone Holdings LLC now owns 24,748 shares of the textile maker’s stock valued at $1,608,000 after purchasing an additional 1,474 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Carter’s by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock valued at $76,144,000 after buying an additional 42,589 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Carter’s by 50.7% in the 3rd quarter. Cerity Partners LLC now owns 17,941 shares of the textile maker’s stock valued at $1,166,000 after buying an additional 6,038 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Carter’s during the 3rd quarter worth about $683,000. Finally, FMR LLC boosted its holdings in Carter’s by 99.9% during the 3rd quarter. FMR LLC now owns 4,681 shares of the textile maker’s stock valued at $304,000 after acquiring an additional 2,339 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. 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 research note on Wednesday, February 26th. UBS Group reduced their target price on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company dropped their price target 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 research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $49.00.

Carter’s Stock Down 0.9 %

CRI stock opened at $41.33 on Friday. The company’s 50 day moving average price is $47.58 and its 200 day moving average price is $54.76. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 6.56, a PEG ratio of 3.37 and a beta of 1.24. Carter’s, Inc. has a fifty-two week low of $38.84 and a fifty-two week high of $86.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter’s (NYSE:CRI) last announced its quarterly earnings data 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 business had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The company’s revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $2.76 EPS. On average, equities research analysts anticipate that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 7.74%. Carter’s’s dividend payout ratio is currently 62.62%.

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.