Gotham Asset Management LLC Decreases Position in Carter’s, Inc. (NYSE:CRI)

Gotham Asset Management LLC decreased its position in Carter’s, Inc. (NYSE:CRI) by 20.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,873 shares of the textile maker’s stock after selling 4,790 shares during the quarter. Gotham Asset Management LLC owned approximately 0.05% of Carter’s worth $1,023,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in shares of Carter’s by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 270 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Carter’s by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock worth $29,000 after buying an additional 507 shares in the last quarter. Colonial Trust Co SC bought a new position in shares of Carter’s in the fourth quarter worth approximately $29,000. Venturi Wealth Management LLC raised its holdings in shares of Carter’s by 36.9% during 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 during the last quarter. Finally, New Age Alpha Advisors LLC purchased a new position in shares of Carter’s during the fourth quarter valued at approximately $54,000.

Carter’s Price Performance

NYSE:CRI opened at $37.08 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 5.88, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05. The company has a 50 day moving average price of $37.26 and a 200-day moving average price of $47.06. Carter’s, Inc. has a 1-year low of $32.04 and a 1-year high of $71.99.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping the consensus estimate of $0.53 by $0.13. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The company had revenue of $291.09 million during the quarter, compared to analyst estimates of $624.86 million. During the same quarter in the previous year, the firm earned $0.98 EPS. The firm’s revenue was down 4.8% compared to the same quarter last year. Equities research analysts forecast that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend was Monday, March 10th. Carter’s’s payout ratio is currently 70.80%.

Analysts Set New Price Targets

A number of brokerages have commented on CRI. Barclays initiated coverage on shares of Carter’s in a report on Monday, April 28th. They set an “underweight” rating and a $25.00 target price for the company. Wells Fargo & Company lifted their target price on Carter’s from $25.00 to $28.00 and gave the stock an “underweight” rating in a report on Wednesday. Citigroup lowered 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. 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 report on Monday, April 28th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat, Carter’s currently has a consensus rating of “Reduce” and a consensus target price of $36.80.

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.