Prudential Financial Inc. Trims Holdings in Carter’s, Inc. (NYSE:CRI)
Prudential Financial Inc. trimmed its position in Carter’s, Inc. (NYSE:CRI) by 20.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,906 shares of the textile maker’s stock after selling 13,470 shares during the quarter. Prudential Financial Inc. owned about 0.12% of Carter’s worth $5,063,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in Carter’s by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 490,550 shares of the textile maker’s stock valued at $40,039,000 after acquiring an additional 24,946 shares in the last quarter. Geode Capital Management LLC raised its position in Carter’s by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 430,909 shares of the textile maker’s stock valued at $35,170,000 after acquiring an additional 10,307 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Carter’s by 92.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,860 shares of the textile maker’s stock valued at $187,000 after acquiring an additional 891 shares in the last quarter. Bank of Montreal Can raised its position in Carter’s by 1.3% during the first quarter. Bank of Montreal Can now owns 24,969 shares of the textile maker’s stock valued at $2,517,000 after acquiring an additional 309 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Carter’s during the first quarter valued at approximately $310,000.
CRI traded down $0.16 during trading on Friday, hitting $96.68. The company’s stock had a trading volume of 6,343 shares, compared to its average volume of 625,748. The company has a current ratio of 2.20, a quick ratio of 0.73 and a debt-to-equity ratio of 0.73. Carter’s, Inc. has a twelve month low of $75.66 and a twelve month high of $109.71. The business’s fifty day simple moving average is $90.71 and its 200 day simple moving average is $95.01. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 1.84 and a beta of 0.92.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, September 3rd will be issued a $0.50 dividend. This is a positive change from Carter’s’s previous quarterly dividend of $0.22. This represents a $2.00 annualized dividend and a yield of 2.07%. The ex-dividend date is Friday, August 30th. Carter’s’s dividend payout ratio (DPR) is presently 31.80%.
Several brokerages recently weighed in on CRI. B. Riley set a $118.00 price target on Carter’s and gave the company a “buy” rating in a research report on Tuesday, August 20th. DA Davidson reduced their price target on Carter’s to $91.00 and set an “average” rating for the company in a research report on Tuesday, July 9th. Finally, ValuEngine upgraded Carter’s from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Carter’s currently has an average rating of “Buy” and an average target price of $106.11.
In other Carter’s news, Director Amy Woods Brinkley sold 1,298 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $92.41, for a total value of $119,948.18. Following the sale, the director now directly owns 16,468 shares of the company’s stock, valued at $1,521,807.88. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.20% of the stock is currently owned by company insiders.
Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.
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