Invesco Ltd. Sells 359,298 Shares of Carter’s, Inc. (NYSE:CRI)

Invesco Ltd. reduced its holdings in Carter’s, Inc. (NYSE:CRI) by 73.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 128,554 shares of the textile maker’s stock after selling 359,298 shares during the quarter. Invesco Ltd. owned 0.36% of Carter’s worth $6,966,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Cerity Partners LLC raised its holdings in shares of Carter’s by 214.9% during the fourth quarter. Cerity Partners LLC now owns 56,489 shares of the textile maker’s stock worth $3,193,000 after acquiring an additional 38,548 shares during the period. Aristides Capital LLC raised its stake in shares of Carter’s by 12.1% in the 4th quarter. Aristides Capital LLC now owns 8,588 shares of the textile maker’s stock valued at $465,000 after purchasing an additional 930 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Carter’s by 1.7% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 26,147 shares of the textile maker’s stock valued at $1,417,000 after purchasing an additional 448 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Carter’s by 16.1% during the fourth quarter. Wells Fargo & Company MN now owns 17,718 shares of the textile maker’s stock worth $960,000 after buying an additional 2,451 shares during the period. Finally, Islay Capital Management LLC bought a new position in shares of Carter’s during the fourth quarter worth about $793,000.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CRI shares. Citigroup decreased their price target on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. UBS Group lowered their price target on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company reduced their price objective on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th.

Carter’s Stock Performance

Shares of CRI stock opened at $38.22 on Friday. The stock has a market cap of $1.38 billion, a P/E ratio of 6.07, a P/E/G ratio of 3.37 and a beta of 1.09. The company has a fifty day moving average price of $40.66 and a two-hundred day moving average price of $50.29. Carter’s, Inc. has a one year low of $32.12 and a one year high of $72.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.52. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The firm had revenue of $859.70 million for the quarter, compared to the consensus estimate of $835.82 million. During the same quarter in the previous year, the business earned $2.76 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. As a group, equities analysts predict that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 8.37%. Carter’s’s dividend payout ratio is currently 62.62%.

About Carter’s

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.