Carter’s, Inc. $CRI Stock Position Decreased by Pacer Advisors Inc.

Pacer Advisors Inc. trimmed its stake in Carter’s, Inc. (NYSE:CRI) by 42.6% during the third quarter, HoldingsChannel.com reports. The fund owned 212,500 shares of the textile maker’s stock after selling 157,796 shares during the period. Pacer Advisors Inc.’s holdings in Carter’s were worth $5,997,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. RWWM Inc. boosted its position in shares of Carter’s by 86.1% in the 2nd quarter. RWWM Inc. now owns 4,075,791 shares of the textile maker’s stock valued at $122,804,000 after purchasing an additional 1,885,309 shares during the period. AQR Capital Management LLC lifted its stake in Carter’s by 113.7% during the second quarter. AQR Capital Management LLC now owns 2,564,457 shares of the textile maker’s stock valued at $77,267,000 after buying an additional 1,364,698 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Carter’s by 14,270.6% in the first quarter. Millennium Management LLC now owns 1,631,493 shares of the textile maker’s stock worth $66,728,000 after buying an additional 1,620,140 shares during the period. American Century Companies Inc. increased its position in shares of Carter’s by 6.7% in the second quarter. American Century Companies Inc. now owns 1,262,498 shares of the textile maker’s stock worth $38,039,000 after acquiring an additional 79,209 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Carter’s by 45.1% in the second quarter. Geode Capital Management LLC now owns 856,237 shares of the textile maker’s stock worth $25,802,000 after acquiring an additional 266,336 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup upped their price target on shares of Carter’s from $28.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Wells Fargo & Company boosted their target price on shares of Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a research note on Tuesday, October 28th. UBS Group raised their target price on Carter’s from $26.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Carter’s in a report on Tuesday, October 14th. Finally, Barclays upped their price target on Carter’s from $23.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. Three investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, Carter’s currently has a consensus rating of “Strong Sell” and an average price target of $28.80.

Carter’s Trading Up 0.3%

Carter’s stock opened at $31.78 on Tuesday. The company’s fifty day simple moving average is $31.68 and its 200-day simple moving average is $30.02. The company has a quick ratio of 0.95, a current ratio of 2.26 and a debt-to-equity ratio of 0.58. Carter’s, Inc. has a 12 month low of $23.38 and a 12 month high of $56.89. The stock has a market cap of $1.16 billion, a P/E ratio of 12.86 and a beta of 1.08.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Monday, October 27th. The textile maker reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.04). The firm had revenue of $757.84 million for the quarter, compared to analysts’ expectations of $760.11 million. Carter’s had a return on equity of 16.71% and a net margin of 3.15%.Carter’s’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.64 earnings per share. As a group, sell-side analysts forecast that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, November 24th. Carter’s’s payout ratio is currently 40.49%.

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.