Victory Capital Management Inc. Cuts Holdings in Carter’s, Inc. (NYSE:CRI)

Victory Capital Management Inc. lowered its stake in shares of Carter’s, Inc. (NYSE:CRIFree 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 (NYSE:CRIGet Free Report) last posted its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.52. The company 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%. Carter’s’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $2.76 EPS. As a group, sell-side analysts expect that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

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

(Free Report)

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

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

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