Mutual of America Capital Management LLC Lowers Stake in Carter’s, Inc. (NYSE:CRI)

Mutual of America Capital Management LLC reduced its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 72.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,459 shares of the textile maker’s stock after selling 14,071 shares during the period. Mutual of America Capital Management LLC’s holdings in Carter’s were worth $296,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CRI. Wealth Enhancement Advisory Services LLC purchased a new position in Carter’s during the 3rd quarter valued at about $329,000. Capital Performance Advisors LLP purchased a new position in Carter’s during the 3rd quarter valued at about $28,000. Atria Investments Inc lifted its position in Carter’s by 78.8% during the 3rd quarter. Atria Investments Inc now owns 6,161 shares of the textile maker’s stock valued at $400,000 after acquiring an additional 2,715 shares during the period. Covestor Ltd lifted its position in Carter’s by 15.3% during the 3rd quarter. Covestor Ltd now owns 2,031 shares of the textile maker’s stock valued at $132,000 after acquiring an additional 270 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its holdings in Carter’s by 1.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker’s stock worth $1,890,000 after buying an additional 383 shares during the last quarter.

Carter’s Stock Up 6.0 %

CRI opened at $44.02 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average price of $50.72 and a 200-day moving average price of $56.96. Carter’s, Inc. has a twelve month low of $39.89 and a twelve month high of $88.03. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 3.37 and a beta of 1.24.

Carter’s (NYSE:CRI) last released its quarterly earnings data 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. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The firm had revenue of $859.70 million during the quarter, compared to analysts’ expectations of $835.82 million. During the same period in the previous year, the company earned $2.76 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. Equities research analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 7.27%. Carter’s’s payout ratio is 62.62%.

Analysts Set New Price Targets

Several brokerages have issued reports on CRI. Citigroup decreased their target price on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a 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 for the company in a report on Wednesday, February 26th. Finally, UBS Group decreased their target price on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, Carter’s currently has a consensus rating of “Hold” and an average target price of $49.00.

Carter’s Company 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.