Mutual of America Capital Management LLC Lowers Position in Carter's, Inc. (NYSE:CRI)

Mutual of America Capital Management LLC decreased its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 72.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,459 shares of the textile maker's stock after selling 14,071 shares during the period. Mutual of America Capital Management LLC's holdings in Carter's were worth $296,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares 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 valued at $154,500,000 after acquiring an additional 1,732,857 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Carter's by 4.0% in the third quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker's stock worth $100,422,000 after purchasing an additional 60,089 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Carter's by 3.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker's stock valued at $76,144,000 after acquiring an additional 42,589 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in Carter's by 40.5% during 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 period. Finally, Verition Fund Management LLC raised its holdings in Carter's by 70.4% during the 3rd quarter. Verition Fund Management LLC now owns 300,661 shares of the textile maker's stock worth $19,537,000 after buying an additional 124,191 shares during the period.

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Carter's Stock Down 0.2 %

Shares of NYSE:CRI traded down $0.07 during trading on Friday, hitting $39.81. 1,347,516 shares of the company's stock traded hands, compared to its average volume of 1,236,392. The company has a 50-day moving average price of $50.22 and a 200-day moving average price of $56.68. Carter's, Inc. has a 52 week low of $39.25 and a 52 week high of $86.60. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 6.32, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. 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 (NYSE:CRI - Get Free Report) last issued its earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping the consensus estimate of $1.87 by $0.52. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The company had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. During the same period in the previous year, the company posted $2.76 EPS. The firm's revenue for the quarter was up .2% 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 fiscal year.

Carter's Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 8.04%. Carter's's payout ratio is 62.62%.

Analyst Ratings Changes

CRI has been the topic of a number of research reports. Wells Fargo & Company dropped their target price on Carter's from $65.00 to $48.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. UBS Group decreased their target price on Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup decreased their target price 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. One analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price 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.