Amalgamated Bank Sells 2,285 Shares of Carter’s, Inc. (NYSE:CRI)

Amalgamated Bank cut its stake in shares of Carter’s, Inc. (NYSE:CRI) by 9.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,787 shares of the textile maker’s stock after selling 2,285 shares during the quarter. Amalgamated Bank’s holdings in Carter’s were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. State of Michigan Retirement System lifted its holdings in shares of Carter’s by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 9,029 shares of the textile maker’s stock worth $765,000 after acquiring an additional 200 shares during the last quarter. Quantbot Technologies LP lifted its stake in Carter’s by 2.3% during the first quarter. Quantbot Technologies LP now owns 13,178 shares of the textile maker’s stock worth $1,116,000 after purchasing an additional 302 shares during the last quarter. Dean Capital Management boosted its holdings in shares of Carter’s by 2.3% in the 4th quarter. Dean Capital Management now owns 15,762 shares of the textile maker’s stock worth $1,180,000 after purchasing an additional 356 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Carter’s by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 32,229 shares of the textile maker’s stock valued at $2,729,000 after purchasing an additional 432 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Carter’s by 431.3% during the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after buying an additional 483 shares in the last quarter.

Carter’s Stock Up 0.7 %

Shares of NYSE CRI opened at $66.69 on Friday. The firm’s fifty day moving average is $64.83 and its 200 day moving average is $68.60. Carter’s, Inc. has a 52 week low of $54.74 and a 52 week high of $88.03. The company has a quick ratio of 0.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 10.52, a PEG ratio of 4.19 and a beta of 1.23.

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

Carter’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s dividend payout ratio (DPR) is currently 50.47%.

Analysts Set New Price Targets

CRI has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on shares of Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a research report on Monday, September 9th. Bank of America decreased their target price on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, Carter’s presently has an average rating of “Hold” and an average price target 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.