Carter’s, Inc. (NYSE:CRI) Stock Position Decreased by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its holdings in Carter’s, Inc. (NYSE:CRI) by 25.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,858,199 shares of the textile maker’s stock after selling 984,068 shares during the period. JPMorgan Chase & Co. owned about 7.93% of Carter’s worth $154,886,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Carter’s by 10.4% in the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock valued at $211,100,000 after purchasing an additional 366,293 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Carter’s by 155.0% during the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock worth $154,500,000 after buying an additional 1,732,857 shares during the period. Wellington Management Group LLP grew its holdings in Carter’s by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker’s stock worth $100,422,000 after buying an additional 60,089 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Carter’s by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker’s stock valued at $67,518,000 after acquiring an additional 74,133 shares during the period. Finally, American Century Companies Inc. raised its stake in Carter’s by 15.4% during the 4th quarter. American Century Companies Inc. now owns 1,067,176 shares of the textile maker’s stock valued at $57,830,000 after acquiring an additional 142,514 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have recently commented on CRI shares. Citigroup lowered their price target on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. UBS Group reduced their price target on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company dropped their target price on Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, Carter’s has an average rating of “Hold” and a consensus target price of $49.00.

Carter’s Trading Up 0.3 %

Carter’s stock opened at $41.02 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter’s, Inc. has a 12 month low of $38.84 and a 12 month high of $84.16. The company’s fifty day simple moving average is $46.79 and its 200-day simple moving average is $53.94. The stock has a market cap of $1.48 billion, a P/E ratio of 6.51, a P/E/G ratio of 3.37 and a beta of 1.24.

Carter’s (NYSE:CRI) last issued 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. The firm had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm earned $2.76 earnings per share. As a group, sell-side analysts forecast that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 7.80%. Carter’s’s dividend payout ratio (DPR) is currently 62.62%.

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.