Angeles Wealth Management LLC Sells 35,644 Shares of Carter’s, Inc. $CRI

Angeles Wealth Management LLC lowered its stake in Carter’s, Inc. (NYSE:CRI) by 50.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,260 shares of the textile maker’s stock after selling 35,644 shares during the quarter. Angeles Wealth Management LLC’s holdings in Carter’s were worth $1,261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of New York Mellon Corp grew its holdings in Carter’s by 55.5% during the 1st quarter. Bank of New York Mellon Corp now owns 638,750 shares of the textile maker’s stock valued at $22,842,000 after buying an additional 227,935 shares in the last quarter. Calamos Wealth Management LLC purchased a new stake in shares of Carter’s during the 1st quarter worth approximately $298,000. Calamos Advisors LLC purchased a new stake in shares of Carter’s during the 1st quarter worth approximately $298,000. Fifth Third Bancorp boosted its position in shares of Carter’s by 3,000.0% during the 1st quarter. Fifth Third Bancorp now owns 8,153 shares of the textile maker’s stock valued at $292,000 after acquiring an additional 7,890 shares during the last quarter. Finally, Integrated Advisors Network LLC bought a new position in shares of Carter’s during the 1st quarter valued at approximately $216,000.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Monness Crespi & Hardt raised their target price on shares of Carter’s from $45.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Weiss Ratings downgraded shares of Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Wells Fargo & Company upgraded shares of Carter’s from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $30.00 to $42.00 in a research report on Wednesday, June 17th. Wall Street Zen raised shares of Carter’s from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Finally, The Goldman Sachs Group upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.17.

Carter’s Price Performance

Carter’s stock opened at $39.66 on Friday. The firm has a 50-day moving average price of $39.11 and a 200-day moving average price of $37.27. The firm has a market capitalization of $1.46 billion, a PE ratio of 15.99 and a beta of 0.86. The company has a current ratio of 2.80, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. Carter’s, Inc. has a 12-month low of $23.38 and a 12-month high of $44.44.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Wednesday, May 6th. The textile maker reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.26. The firm had revenue of $681.11 million during the quarter, compared to analysts’ expectations of $660.59 million. Carter’s had a net margin of 3.07% and a return on equity of 13.06%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. Carter’s has set its Q2 2026 guidance at 0.020-0.060 EPS. As a group, equities research analysts forecast that Carter’s, Inc. will post 3.09 EPS for the current year.

Carter’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, May 26th. Carter’s’s payout ratio is 40.32%.

Carter’s Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.