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

Victory Capital Management Inc. lowered its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 55.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,904 shares of the textile maker's stock after selling 87,164 shares during the period. Victory Capital Management Inc. owned approximately 0.20% of Carter's worth $3,842,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Pacer Advisors Inc. grew its position in Carter's by 155.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock worth $154,500,000 after acquiring an additional 1,732,857 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Carter's by 40.5% in the 4th quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker's stock worth $32,040,000 after buying an additional 170,528 shares during the last quarter. Verition Fund Management LLC grew its position in Carter's by 70.4% during the third quarter. Verition Fund Management LLC now owns 300,661 shares of the textile maker's stock valued at $19,537,000 after acquiring an additional 124,191 shares during the last quarter. Ieq Capital LLC raised its stake in shares of Carter's by 2,799.6% during the fourth quarter. Ieq Capital LLC now owns 103,285 shares of the textile maker's stock worth $5,597,000 after acquiring an additional 99,723 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Carter's by 109.0% during the fourth quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker's stock worth $9,473,000 after acquiring an additional 91,162 shares in the last quarter.

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Carter's Stock Performance

CRI stock traded down $0.59 on Wednesday, hitting $40.35. The company had a trading volume of 720,812 shares, compared to its average volume of 1,082,220. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter's, Inc. has a 12-month low of $38.84 and a 12-month high of $86.24. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 6.41, a P/E/G ratio of 3.37 and a beta of 1.24. The stock's 50-day simple moving average is $49.15 and its 200 day simple moving average is $55.85.

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, beating analysts' consensus estimates of $1.87 by $0.52. The firm 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% on a year-over-year basis. During the same period in the previous year, the firm earned $2.76 EPS. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 7.93%. Carter's's payout ratio is currently 62.62%.

Analyst Upgrades and Downgrades

CRI has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price 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. Citigroup dropped 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. Finally, UBS Group decreased their price target on 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 research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, Carter's has an average rating of "Hold" and an average price target of $49.00.

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.