JPMorgan Chase & Co. Has $154.89 Million Holdings in Carter’s, Inc. (NYSE:CRI)

JPMorgan Chase & Co. lowered its position in Carter’s, Inc. (NYSE:CRI) by 25.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,858,199 shares of the textile maker’s stock after selling 984,068 shares during the period. JPMorgan Chase & Co. owned approximately 0.08% of Carter’s worth $154,886,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in Carter’s by 155.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock valued at $154,500,000 after purchasing an additional 1,732,857 shares during the last quarter. Vanguard Group Inc. lifted its position in Carter’s by 10.4% during the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock valued at $211,100,000 after purchasing an additional 366,293 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Carter’s by 40.5% in the 4th quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker’s stock valued at $32,040,000 after purchasing an additional 170,528 shares during the last quarter. American Century Companies Inc. grew its position in shares of Carter’s by 15.4% during the 4th quarter. American Century Companies Inc. now owns 1,067,176 shares of the textile maker’s stock worth $57,830,000 after buying an additional 142,514 shares during the period. Finally, Ieq Capital LLC boosted its stake in Carter’s by 2,799.6% in the fourth quarter. Ieq Capital LLC now owns 103,285 shares of the textile maker’s stock valued at $5,597,000 after acquiring an additional 99,723 shares during the last quarter.

Carter’s Price Performance

Carter’s stock opened at $41.02 on Wednesday. The stock has a fifty day moving average of $46.79 and a 200-day moving average of $53.94. The stock has a market capitalization of $1.48 billion, a P/E ratio of 6.51, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter’s, Inc. has a 52 week low of $38.84 and a 52 week high of $84.16.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.52. The company had revenue of $859.70 million for the quarter, compared to analysts’ expectations of $835.82 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.76 earnings per share. On average, sell-side analysts expect that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 7.80%. Carter’s’s payout ratio is 62.62%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group cut their price target on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company reduced their price target on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Finally, Citigroup lowered their target price on Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $49.00.

About Carter’s

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.