Pinebridge Investments L.P. Sells 5,625 Shares of Carter’s, Inc. (NYSE:CRI)

Pinebridge Investments L.P. lessened its holdings in shares of Carter’s, Inc. (NYSE:CRIGet Rating) by 78.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,586 shares of the textile maker’s stock after selling 5,625 shares during the period. Pinebridge Investments L.P.’s holdings in Carter’s were worth $161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CRI. KBC Group NV bought a new position in Carter’s during the fourth quarter valued at approximately $72,000. Van ECK Associates Corp bought a new position in Carter’s during the fourth quarter valued at approximately $94,000. Sciencast Management LP bought a new position in Carter’s during the fourth quarter valued at approximately $214,000. MML Investors Services LLC bought a new position in shares of Carter’s in the third quarter valued at approximately $224,000. Finally, AlphaCrest Capital Management LLC bought a new position in shares of Carter’s in the fourth quarter valued at approximately $272,000. 97.10% of the stock is currently owned by hedge funds and other institutional investors.

CRI opened at $84.28 on Wednesday. Carter’s, Inc. has a fifty-two week low of $77.48 and a fifty-two week high of $111.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.65 and a quick ratio of 0.99. The firm’s fifty day moving average price is $89.22 and its two-hundred day moving average price is $95.28. The company has a market capitalization of $3.43 billion, a P/E ratio of 11.21, a P/E/G ratio of 1.45 and a beta of 1.27.

Carter’s (NYSE:CRIGet Rating) last issued its earnings results on Friday, April 29th. The textile maker reported $1.66 EPS for the quarter, beating the consensus estimate of $1.34 by $0.32. Carter’s had a net margin of 9.24% and a return on equity of 32.19%. The company had revenue of $781.30 million for the quarter, compared to the consensus estimate of $751.21 million. During the same quarter in the previous year, the company earned $1.98 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities research analysts expect that Carter’s, Inc. will post 8.81 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Tuesday, March 8th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 3.56%. This is a boost from Carter’s’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, March 7th. Carter’s’s payout ratio is currently 39.89%.

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Carter’s from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Wells Fargo & Company dropped their price target on shares of Carter’s from $105.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 5th. Wedbush raised shares of Carter’s from a “neutral” rating to an “outperform” rating and set a $108.00 price target on the stock in a research report on Monday, March 7th. UBS Group lifted their price target on shares of Carter’s from $110.00 to $112.00 and gave the company a “neutral” rating in a research report on Monday, March 7th. Finally, Citigroup boosted their target price on shares of Carter’s from $124.00 to $127.00 and gave the stock a “buy” rating in a research report on Monday, February 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $105.00.

Carter’s Profile (Get Rating)

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, Carter's My First Love, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S.

Further Reading

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Institutional Ownership by Quarter for Carter's (NYSE:CRI)

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