Carter’s, Inc. (NYSE:CRI) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in Carter’s, Inc. (NYSE:CRI) by 4.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,374 shares of the textile maker’s stock after selling 4,575 shares during the quarter. Sei Investments Co. owned 0.26% of Carter’s worth $5,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRI. Jones Financial Companies Lllp grew its stake in shares of Carter’s by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after purchasing an additional 270 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Carter’s by 2,112.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock worth $29,000 after acquiring an additional 507 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Carter’s by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after acquiring an additional 268 shares during the period. AlphaQuest LLC increased its position in shares of Carter’s by 16,314.3% in the fourth quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker’s stock valued at $62,000 after buying an additional 1,142 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in 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 acquiring an additional 1,045 shares during the last quarter.

Carter’s Price Performance

CRI opened at $41.02 on Wednesday. Carter’s, Inc. has a twelve month low of $38.84 and a twelve month high of $84.16. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 3.37 and a beta of 1.24. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The company has a fifty day simple moving average of $46.79 and a 200 day simple moving average of $53.94.

Carter’s (NYSE:CRI) last announced its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 27.15% and a net margin of 8.11%. Carter’s’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $2.76 EPS. Equities research analysts expect that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were paid a $0.80 dividend. The ex-dividend date was Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.80%. Carter’s’s dividend payout ratio (DPR) is presently 62.62%.

Wall Street Analyst Weigh In

CRI has been the topic of several recent research reports. UBS Group reduced their price objective on 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 decreased their target price 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 dropped their price target on Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.00.

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.