Carter’s, Inc. (NYSE:CRI) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D decreased its position in shares of Carter’s, Inc. (NYSE:CRI) by 16.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 28,697 shares of the textile maker’s stock after selling 5,526 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Carter’s were worth $1,778,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Wasatch Advisors LP acquired a new position in Carter’s in the first quarter valued at about $45,011,000. Norges Bank acquired a new position in Carter’s in the fourth quarter valued at about $31,193,000. Reinhart Partners LLC. lifted its position in Carter’s by 67.3% in the second quarter. Reinhart Partners LLC. now owns 461,190 shares of the textile maker’s stock valued at $28,580,000 after buying an additional 185,458 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Carter’s by 189.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 265,680 shares of the textile maker’s stock worth $19,897,000 after purchasing an additional 173,855 shares during the period. Finally, Empowered Funds LLC purchased a new stake in Carter’s during the first quarter worth about $6,991,000.

Carter’s Stock Up 1.6 %

CRI stock opened at $67.41 on Wednesday. The company’s 50 day moving average price is $64.68 and its 200 day moving average price is $68.63. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 2.09. Carter’s, Inc. has a fifty-two week low of $54.74 and a fifty-two week high of $88.03. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 4.35 and a beta of 1.23.

Carter’s (NYSE:CRI) last released its earnings results on Friday, July 26th. The textile maker reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.31. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. The firm had revenue of $564.43 million for the quarter, compared to analyst estimates of $566.79 million. On average, equities research analysts anticipate that Carter’s, Inc. will post 4.9 EPS for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date was Tuesday, August 27th. Carter’s’s dividend payout ratio (DPR) is 50.47%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Carter’s from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, September 9th. Bank of America cut their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $71.17.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.