Natixis Advisors LLC Lowers Position in Carter’s, Inc. (NYSE:CRI)

Natixis Advisors LLC lessened its holdings in Carter’s, Inc. (NYSE:CRI) by 25.4% during the second quarter, Holdings Channel.com reports. The firm owned 27,483 shares of the textile maker’s stock after selling 9,357 shares during the quarter. Natixis Advisors LLC’s holdings in Carter’s were worth $1,703,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Gladius Capital Management LP acquired a new stake in shares of Carter’s in the second quarter valued at about $30,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Carter’s in the fourth quarter valued at $37,000. CWM LLC grew its holdings in Carter’s by 431.3% in 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 during the last quarter. Parallel Advisors LLC increased its position 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 valued at $61,000 after buying an additional 663 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Carter’s during the 1st quarter worth $77,000.

Analysts Set New Price Targets

Several analysts have recently commented on CRI shares. Bank of America lowered 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 report on Monday, July 29th. Wells Fargo & Company raised their price objective on Carter’s from $60.00 to $72.00 and gave the stock an “equal weight” rating in a report on Monday. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $71.17.

Carter’s Trading Up 0.4 %

NYSE CRI opened at $69.68 on Wednesday. Carter’s, Inc. has a one year low of $54.74 and a one year high of $88.03. The company’s 50 day moving average price is $63.23 and its 200 day moving average price is $69.52. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 4.28 and a beta of 1.23. 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 (NYSE:CRI) last released its quarterly earnings results on Friday, July 26th. The textile maker reported $0.76 EPS for the quarter, topping the consensus estimate of $0.45 by $0.31. The firm had revenue of $564.43 million for the quarter, compared to analyst estimates of $566.79 million. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. On average, sell-side analysts predict that Carter’s, Inc. will post 4.9 EPS for the current year.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.80 per share. The ex-dividend date is Tuesday, August 27th. This represents a $3.20 dividend on an annualized basis and a yield of 4.59%. Carter’s’s dividend payout ratio (DPR) is 50.47%.

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.