Carter's, Inc. (NYSE:CRI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 18.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 810,164 shares of the textile maker's stock after selling 187,169 shares during the quarter. Bank of New York Mellon Corp owned approximately 2.25% of Carter's worth $43,903,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its stake in Carter's by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock worth $54,000 after acquiring an additional 268 shares in the last quarter. Covestor Ltd grew its stake in Carter's by 15.3% in the third quarter. Covestor Ltd now owns 2,031 shares of the textile maker's stock worth $132,000 after purchasing an additional 270 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Carter's by 1.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker's stock worth $1,890,000 after purchasing an additional 383 shares during the period. Public Employees Retirement System of Ohio increased its holdings in Carter's by 2.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker's stock worth $1,147,000 after purchasing an additional 396 shares during the period. Finally, Quadrature Capital Ltd raised its position in Carter's by 5.8% during the 3rd quarter. Quadrature Capital Ltd now owns 7,619 shares of the textile maker's stock valued at $495,000 after purchasing an additional 417 shares in the last quarter.

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Carter's Stock Up 8.1 %

CRI traded up $3.29 during trading on Monday, hitting $44.02. The stock had a trading volume of 3,291,259 shares, compared to its average volume of 1,074,008. The stock has a 50 day simple moving average of $50.90 and a two-hundred day simple moving average of $57.11. 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 twelve month low of $39.89 and a twelve month high of $88.03. The company has a market capitalization of $1.59 billion, a PE ratio of 6.99, a PEG ratio of 3.37 and a beta of 1.24.

Carter's (NYSE:CRI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.87 by $0.52. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The firm had revenue of $859.70 million during the quarter, compared to analysts' expectations of $835.82 million. During the same quarter last year, the firm earned $2.76 EPS. The business's quarterly revenue was up .2% on a year-over-year basis. On average, research analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 7.27%. The ex-dividend date of this dividend is Monday, March 10th. Carter's's dividend payout ratio is presently 62.62%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Citigroup decreased their price objective on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a 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 for the company in a report on Wednesday, February 26th. Finally, UBS Group dropped their price objective on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average 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.