Victory Capital Management Inc. lowered its stake in shares of Carter’s, Inc. (NYSE:CRI – Free Report) by 55.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,904 shares of the textile maker’s stock after selling 87,164 shares during the period. Victory Capital Management Inc.’s holdings in Carter’s were worth $3,842,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of CRI. Jones Financial Companies Lllp increased its stake in shares of Carter’s by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after purchasing an additional 270 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Carter’s by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock worth $47,000 after purchasing an additional 500 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Carter’s during the third quarter worth about $74,000. GAMMA Investing LLC increased its stake in shares of 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 in the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in shares of Carter’s by 8,394.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,614 shares of the textile maker’s stock worth $87,000 after purchasing an additional 1,595 shares in the last quarter.
Carter’s Stock Performance
CRI opened at $39.81 on Friday. The firm has a market capitalization of $1.43 billion, a PE ratio of 6.32, a PEG ratio of 3.37 and a beta of 1.24. Carter’s, Inc. has a twelve month low of $39.25 and a twelve month high of $86.24. The firm’s 50-day moving average price is $49.65 and its 200 day moving average price is $56.28. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.
Carter’s Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be issued a $0.80 dividend. The ex-dividend date is Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 8.04%. Carter’s’s payout ratio is 62.62%.
Analyst Upgrades and Downgrades
CRI has been the topic of a number of recent research reports. UBS Group lowered their price target on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company lowered 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 research report on Wednesday, February 26th. Finally, Citigroup lowered 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 report 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.00.
Check Out Our Latest Report on Carter’s
Carter’s 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.
Further Reading
- Five stocks we like better than Carter’s
- 3 Healthcare Dividend Stocks to Buy
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- How to Profit From Growth Investing
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- What is a Secondary Public Offering? What Investors Need to Know
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Want to see what other hedge funds are holding CRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carter’s, Inc. (NYSE:CRI – Free Report).
Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.