JPMorgan Chase & Co. Sells 984,068 Shares of Carter's, Inc. (NYSE:CRI)

JPMorgan Chase & Co. reduced its position in Carter's, Inc. (NYSE:CRI - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 7.93% of Carter's worth $154,886,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CRI. Jones Financial Companies Lllp raised its position in Carter's by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after acquiring an additional 270 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Carter's by 2,112.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock worth $29,000 after purchasing an additional 507 shares during the period. Venturi Wealth Management LLC lifted its position in Carter's by 36.9% during the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after purchasing an additional 268 shares in the last quarter. AlphaQuest LLC grew its holdings in Carter's by 16,314.3% during the fourth quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock valued at $62,000 after purchasing an additional 1,142 shares during the period. Finally, GAMMA Investing LLC increased its position in Carter's by 258.0% in the fourth quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker's stock worth $79,000 after buying an additional 1,045 shares in the last quarter.

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Carter's Price Performance

NYSE CRI traded up $1.43 during trading hours on Friday, reaching $37.00. The company's stock had a trading volume of 2,399,494 shares, compared to its average volume of 1,169,574. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter's, Inc. has a 1 year low of $34.40 and a 1 year high of $78.23. The firm's 50-day moving average price is $45.81 and its 200-day moving average price is $53.26. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 5.87, a PEG ratio of 3.37 and a beta of 1.09.

Carter's (NYSE:CRI - Get Free Report) last issued its earnings results 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 net margin of 8.11% and a return on equity of 27.15%. The firm had revenue of $859.70 million during the quarter, compared to analyst estimates of $835.82 million. During the same quarter in the prior year, the business earned $2.76 earnings per share. Carter's's revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts predict that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date of this dividend was Monday, March 10th. Carter's's payout ratio is 62.62%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. UBS Group lowered their price objective on 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 dropped 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 research report on Wednesday, February 26th. Finally, Citigroup decreased their price objective on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price 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.