Principal Financial Group Inc. lowered its stake in shares of Carter’s, Inc. (NYSE:CRI – Free Report) by 44.7% during the 1st quarter, HoldingsChannel reports. The fund owned 177,124 shares of the textile maker’s stock after selling 143,127 shares during the period. Principal Financial Group Inc.’s holdings in Carter’s were worth $6,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. grew its position in shares of Carter’s by 445.8% in the fourth quarter. UMB Bank n.a. now owns 775 shares of the textile maker’s stock valued at $25,000 after purchasing an additional 633 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Carter’s by 555.9% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,115 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 945 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Carter’s by 202.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker’s stock worth $45,000 after purchasing an additional 995 shares in the last quarter. Hantz Financial Services Inc. lifted its holdings in Carter’s by 21.8% during the 4th quarter. Hantz Financial Services Inc. now owns 1,577 shares of the textile maker’s stock worth $51,000 after purchasing an additional 282 shares in the last quarter. Finally, State of Wyoming lifted its holdings in Carter’s by 1,380.6% during the 4th quarter. State of Wyoming now owns 2,132 shares of the textile maker’s stock worth $69,000 after purchasing an additional 1,988 shares in the last quarter.
Wall Street Analyst Weigh In
CRI has been the subject of a number of recent analyst reports. Weiss Ratings lowered Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Citigroup reiterated a “buy” rating on shares of Carter’s in a research report on Tuesday, July 21st. The Goldman Sachs Group raised shares of Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Thursday, April 9th. Wells Fargo & Company upgraded shares of Carter’s from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $30.00 to $42.00 in a research report on Wednesday, June 17th. Finally, UBS Group reaffirmed a “buy” rating on shares of Carter’s in a research note on Wednesday, July 8th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.17.
Carter’s Trading Down 0.1%
Shares of CRI stock opened at $38.72 on Tuesday. The company has a market capitalization of $1.43 billion, a PE ratio of 15.61 and a beta of 0.86. Carter’s, Inc. has a 52-week low of $23.38 and a 52-week high of $44.44. The business’s fifty day moving average is $39.71 and its 200 day moving average is $37.54. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.80.
Carter’s (NYSE:CRI – Get Free Report) last posted its earnings results on Wednesday, May 6th. The textile maker reported $0.39 EPS for the quarter, topping the consensus estimate of $0.13 by $0.26. The business had revenue of $681.11 million during the quarter, compared to analysts’ expectations of $660.59 million. Carter’s had a return on equity of 13.06% and a net margin of 3.07%.The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. Carter’s has set its Q2 2026 guidance at 0.020-0.060 EPS. On average, equities research analysts anticipate that Carter’s, Inc. will post 3.09 EPS for the current fiscal year.
Carter’s Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Tuesday, May 26th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. Carter’s’s payout ratio is presently 40.32%.
Carter’s Profile
Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.
The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.
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