Impact Partnership Wealth LLC Cuts Stock Position in Carter’s, Inc. (NYSE:CRI)

Impact Partnership Wealth LLC cut its holdings in Carter’s, Inc. (NYSE:CRI) by 40.5% in the third quarter, Holdings Channel reports. The institutional investor owned 3,707 shares of the textile maker’s stock after selling 2,528 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Carter’s were worth $241,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Lecap Asset Management Ltd. increased its position in shares of Carter’s by 25.0% during the third quarter. Lecap Asset Management Ltd. now owns 15,572 shares of the textile maker’s stock worth $1,012,000 after purchasing an additional 3,118 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Carter’s by 83.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,555 shares of the textile maker’s stock worth $166,000 after purchasing an additional 1,161 shares in the last quarter. Vest Financial LLC increased its position in shares of Carter’s by 32.9% during the third quarter. Vest Financial LLC now owns 22,408 shares of the textile maker’s stock worth $1,456,000 after purchasing an additional 5,542 shares in the last quarter. nVerses Capital LLC increased its position in shares of Carter’s by 20.0% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the textile maker’s stock worth $156,000 after purchasing an additional 400 shares in the last quarter. Finally, Paragon Capital Management Inc. increased its position in shares of Carter’s by 23.2% during the third quarter. Paragon Capital Management Inc. now owns 29,225 shares of the textile maker’s stock worth $1,899,000 after purchasing an additional 5,511 shares in the last quarter.

Analysts Set New Price Targets

CRI has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective on Carter’s from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, September 9th. Bank of America lowered their price objective on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research note 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $71.17.

Carter’s Stock Performance

Shares of Carter’s stock opened at $65.69 on Friday. Carter’s, Inc. has a 52 week low of $54.74 and a 52 week high of $88.03. The business’s fifty day simple moving average is $66.32 and its 200-day simple moving average is $65.99. The firm has a market cap of $2.40 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 3.86 and a beta of 1.23. 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 announced its quarterly earnings results on Friday, July 26th. The textile maker reported $0.76 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 for the quarter, compared to analyst estimates of $566.79 million. Equities analysts forecast that Carter’s, Inc. will post 4.87 earnings per share for the current year.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s dividend payout ratio (DPR) is presently 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.