Invesco Ltd. Sells 359,298 Shares of Carter's, Inc. (NYSE:CRI)

Invesco Ltd. reduced its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 73.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 128,554 shares of the textile maker's stock after selling 359,298 shares during the period. Invesco Ltd. owned about 0.36% of Carter's worth $6,966,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Carter's by 10.4% in the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock valued at $211,100,000 after buying an additional 366,293 shares in the last quarter. Pacer Advisors Inc. grew its position 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 worth $154,500,000 after buying an additional 1,732,857 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Carter's by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock valued at $67,518,000 after purchasing an additional 74,133 shares during the last quarter. American Century Companies Inc. grew its stake in Carter's by 15.4% in 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 in the last quarter. Finally, Allianz Asset Management GmbH increased its holdings 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 worth $32,040,000 after buying an additional 170,528 shares during the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently commented on CRI shares. UBS Group reduced their price objective on Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday. Wells Fargo & Company lowered 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 note on Wednesday, February 26th. Barclays started coverage on Carter's in a research note on Monday. They issued an "underweight" rating and a $25.00 target price for the company. Finally, Citigroup lowered their price objective on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $40.80.

Carter's Trading Up 1.9 %

CRI stock traded up $0.62 on Tuesday, reaching $33.52. The company's stock had a trading volume of 641,119 shares, compared to its average volume of 1,227,556. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The business has a fifty day simple moving average of $39.92 and a two-hundred day simple moving average of $49.75. The firm has a market cap of $1.21 billion, a PE ratio of 5.32, a PEG ratio of 3.37 and a beta of 1.09. Carter's, Inc. has a 12-month low of $32.12 and a 12-month high of $72.11.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping the consensus estimate of $0.53 by $0.13. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The business had revenue of $291.09 million during the quarter, compared to analyst estimates of $624.86 million. During the same period last year, the business posted $0.98 earnings per share. Carter's's quarterly revenue was down 4.8% compared to the same quarter last year. As a group, research analysts forecast that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 9.55%. The ex-dividend date of this dividend was Monday, March 10th. Carter's's payout ratio is currently 70.80%.

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.