Carter’s, Inc. (NYSE:CRI) Stake Lessened by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its holdings in Carter’s, Inc. (NYSE:CRI) by 41.5% in the first quarter, Holdings Channel.com reports. The firm owned 65,015 shares of the textile maker’s stock after selling 46,148 shares during the period. BNP Paribas Financial Markets’ holdings in Carter’s were worth $5,505,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CRI. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Carter’s in the fourth quarter valued at $37,000. Blue Trust Inc. lifted its holdings in shares of Carter’s by 28.6% in the fourth quarter. Blue Trust Inc. now owns 630 shares of the textile maker’s stock valued at $44,000 after purchasing an additional 140 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Carter’s by 457.2% in the fourth quarter. Parallel Advisors LLC now owns 808 shares of the textile maker’s stock worth $61,000 after acquiring an additional 663 shares during the last quarter. Stevens Capital Management LP acquired a new position in shares of Carter’s in the fourth quarter worth $204,000. Finally, Park Avenue Securities LLC acquired a new position in shares of Carter’s in the first quarter worth $208,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. StockNews.com downgraded shares of Carter’s from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Citigroup dropped their price target on shares of Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a research note on Thursday, April 18th. Finally, Wells Fargo & Company dropped their price target on shares of Carter’s from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $73.80.

Carter’s Trading Up 2.8 %

Carter’s stock opened at $62.21 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.43 and a quick ratio of 1.30. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 3.08 and a beta of 1.22. Carter’s, Inc. has a one year low of $59.94 and a one year high of $88.03. The company’s fifty day moving average price is $65.77 and its two-hundred day moving average price is $73.54.

Carter’s (NYSE:CRI) last posted its earnings results on Friday, April 26th. The textile maker reported $1.02 EPS for the quarter, topping the consensus estimate of $0.69 by $0.33. The firm had revenue of $661.49 million for the quarter, compared to the consensus estimate of $633.05 million. Carter’s had a net margin of 8.06% and a return on equity of 28.55%. On average, analysts forecast that Carter’s, Inc. will post 6.3 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, June 7th. Stockholders of record on Tuesday, May 28th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.14%. The ex-dividend date was Friday, May 24th. Carter’s’s dividend payout ratio is currently 50.47%.

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.