SG Americas Securities LLC Reduces Stake in Carter’s, Inc. (NYSE:CRI)

SG Americas Securities LLC lowered its holdings in Carter’s, Inc. (NYSE:CRI) by 12.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,426 shares of the textile maker’s stock after selling 1,397 shares during the quarter. SG Americas Securities LLC’s holdings in Carter’s were worth $613,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CRI. State of Michigan Retirement System increased its position in 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 valued at $765,000 after buying an additional 200 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Carter’s by 2.3% in the 1st quarter. Quantbot Technologies LP now owns 13,178 shares of the textile maker’s stock worth $1,116,000 after buying an additional 302 shares during the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of Carter’s by 67.6% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after buying an additional 346 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in shares of Carter’s by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 32,229 shares of the textile maker’s stock worth $2,729,000 after buying an additional 432 shares during the last quarter. Finally, CWM LLC lifted its position in Carter’s by 431.3% during the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 483 shares in the last quarter.

Carter’s Stock Up 3.4 %

Carter’s stock opened at $63.91 on Tuesday. The business has a fifty day moving average of $65.65 and a two-hundred day moving average of $66.59. 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 firm has a market cap of $2.33 billion, a P/E ratio of 10.08, a P/E/G ratio of 3.86 and a beta of 1.23. Carter’s, Inc. has a twelve month low of $54.74 and a twelve month high of $88.03.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Friday, July 26th. The textile maker reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.31. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. The business had revenue of $564.43 million for the quarter, compared to the consensus estimate of $566.79 million. On average, analysts forecast that Carter’s, Inc. will post 4.87 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently declared 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 5.01%. The ex-dividend date was Tuesday, August 27th. Carter’s’s payout ratio is 50.47%.

Wall Street Analyst Weigh In

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

Carter’s Profile

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.