Carter’s, Inc. (NYSE:CRI) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lessened its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 29.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,692 shares of the textile maker’s stock after selling 14,259 shares during the period. Alliancebernstein L.P.’s holdings in Carter’s were worth $1,826,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Venturi Wealth Management LLC grew its position in shares of Carter’s by 36.9% in the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 268 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in Carter’s by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock valued at $27,000 after buying an additional 270 shares in the last quarter. M&T Bank Corp increased its stake in shares of Carter’s by 7.2% in the 4th quarter. M&T Bank Corp now owns 4,073 shares of the textile maker’s stock worth $221,000 after acquiring an additional 272 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Carter’s by 2.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock worth $1,147,000 after acquiring an additional 396 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Carter’s by 2,112.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 507 shares during the last quarter.

Analyst Upgrades and Downgrades

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

Carter’s Price Performance

Shares of CRI opened at $36.29 on Friday. The firm has a 50-day simple moving average of $42.22 and a two-hundred day simple moving average of $51.22. 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, Inc. has a 1-year low of $32.12 and a 1-year high of $74.40. The stock has a market cap of $1.31 billion, a PE ratio of 5.76, a P/E/G ratio of 3.37 and a beta of 1.09.

Carter’s (NYSE:CRI) last announced its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating 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 company had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. During the same quarter in the previous year, the company earned $2.76 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts forecast that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 8.82%. The ex-dividend date of this dividend was Monday, March 10th. Carter’s’s dividend payout ratio is currently 62.62%.

Carter’s 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.