Carter's, Inc. (NYSE:CRI) Shares Sold by EMC Capital Management

EMC Capital Management decreased its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 66.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,330 shares of the textile maker's stock after selling 6,469 shares during the quarter. EMC Capital Management's holdings in Carter's were worth $180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pacer Advisors Inc. boosted its stake in Carter's by 155.0% during the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock valued at $154,500,000 after buying an additional 1,732,857 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Carter's by 70.4% in the 3rd quarter. Verition Fund Management LLC now owns 300,661 shares of the textile maker's stock worth $19,537,000 after purchasing an additional 124,191 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Carter's by 168.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 116,278 shares of the textile maker's stock worth $6,301,000 after purchasing an additional 72,962 shares during the period. Landscape Capital Management L.L.C. purchased a new position in Carter's during the 3rd quarter valued at $4,391,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in Carter's by 79.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker's stock valued at $9,913,000 after acquiring an additional 67,460 shares during the period.

Carter's Stock Performance

Carter's stock traded down $0.88 during trading hours on Tuesday, hitting $51.31. 356,951 shares of the stock traded hands, compared to its average volume of 831,882. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The firm's 50 day moving average price is $54.44 and its 200-day moving average price is $59.40. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 3.50 and a beta of 1.21. Carter's, Inc. has a 1 year low of $50.25 and a 1 year high of $88.03.

Carter's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a dividend of $0.80 per share. The ex-dividend date was Monday, November 25th. This represents a $3.20 annualized dividend and a yield of 6.24%. Carter's's payout ratio is presently 50.79%.

Wall Street Analyst Weigh In

CRI has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their target price on Carter's from $72.00 to $65.00 and set an "equal weight" rating for the company in a research report on Monday, October 28th. Citigroup raised Carter's from a "sell" rating to a "neutral" rating and set a $50.00 price target for the company in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, Carter's has a consensus rating of "Hold" and a consensus target price of $67.67.

Carter's Profile

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.