Voya Investment Management LLC Sells 1,949 Shares of Carter’s, Inc. (NYSE:CRI)

Voya Investment Management LLC decreased its position in shares of Carter’s, Inc. (NYSE:CRI) by 31.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,311 shares of the textile maker’s stock after selling 1,949 shares during the quarter. Voya Investment Management LLC’s holdings in Carter’s were worth $234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Syon Capital LLC bought a new position in shares of Carter’s during the fourth quarter valued at approximately $356,000. Hsbc Holdings PLC boosted its stake in shares of Carter’s by 7.1% during the fourth quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker’s stock valued at $279,000 after purchasing an additional 347 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Carter’s by 32.6% during the fourth quarter. Stifel Financial Corp now owns 12,336 shares of the textile maker’s stock valued at $668,000 after purchasing an additional 3,036 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Carter’s by 81.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,768 shares of the textile maker’s stock valued at $529,000 after purchasing an additional 4,378 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Carter’s by 13.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,489 shares of the textile maker’s stock valued at $67,651,000 after purchasing an additional 149,058 shares in the last quarter.

Carter’s Trading Down 0.6%

NYSE CRI opened at $35.65 on Wednesday. The company has a market capitalization of $1.30 billion, a PE ratio of 5.66, a P/E/G ratio of 3.37 and a beta of 1.05. The company has a fifty day moving average of $37.62 and a 200 day moving average of $47.47. Carter’s, Inc. has a 1 year low of $32.04 and a 1 year high of $72.11. 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 posted its earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.13. The company had revenue of $291.09 million during the quarter, compared to the consensus estimate of $624.86 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 earnings per share. Research analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a $0.80 dividend. The ex-dividend date was Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 8.98%. Carter’s’s dividend payout ratio is presently 70.80%.

Analyst Ratings Changes

CRI has been the topic of a number of recent research reports. Wells Fargo & Company downgraded Carter’s from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $40.00 to $25.00 in a research report on Wednesday, April 30th. Citigroup dropped their price objective on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Barclays began coverage on Carter’s in a research report on Monday, April 28th. They set an “underweight” rating and a $25.00 price objective on the stock. Finally, UBS Group lowered their target price on shares of Carter’s from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $36.20.

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.