Boston Trust Walden Corp Sells 414,984 Shares of Carter's, Inc. (NYSE:CRI)

Boston Trust Walden Corp trimmed its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 39.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 643,344 shares of the textile maker's stock after selling 414,984 shares during the quarter. Boston Trust Walden Corp owned about 1.76% of Carter's worth $41,804,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CRI. GAMMA Investing LLC lifted its position in shares of Carter's by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker's stock valued at $26,000 after acquiring an additional 214 shares during the period. Gladius Capital Management LP bought a new stake in Carter's during the second quarter worth about $30,000. CWM LLC grew its stake in Carter's by 431.3% during the second quarter. CWM LLC now owns 595 shares of the textile maker's stock worth $37,000 after buying an additional 483 shares in the last quarter. Abich Financial Wealth Management LLC increased its holdings in Carter's by 67.6% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker's stock valued at $53,000 after buying an additional 346 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of Carter's in the 1st quarter valued at approximately $77,000.

Carter's Price Performance

Carter's stock traded down $8.74 during mid-day trading on Friday, reaching $56.95. The company had a trading volume of 4,843,069 shares, compared to its average volume of 938,658. The business has a fifty day simple moving average of $66.18 and a 200 day simple moving average of $65.73. The company has a market cap of $2.08 billion, a P/E ratio of 8.98, a P/E/G ratio of 3.86 and a beta of 1.23. The company has a current ratio of 2.09, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. Carter's, Inc. has a fifty-two week low of $54.74 and a fifty-two week high of $88.03.

Carter's (NYSE:CRI - Get Free Report) last released its quarterly earnings data on Friday, October 25th. The textile maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.35. Carter's had a return on equity of 28.65% and a net margin of 8.29%. The company had revenue of $758.46 million for the quarter, compared to the consensus estimate of $747.95 million. On average, equities research analysts predict that Carter's, Inc. will post 4.87 earnings per share for the current year.

Carter's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were issued a $0.80 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $3.20 dividend on an annualized basis and a yield of 5.62%. Carter's's dividend payout ratio (DPR) is presently 50.47%.

Analysts Set New Price Targets

Several analysts recently issued reports on CRI shares. Bank of America reduced their price target on shares of Carter's from $65.00 to $54.00 and set an "underperform" rating on the stock in a research report on Monday, July 29th. Wells Fargo & Company lifted their price target on Carter's from $60.00 to $72.00 and gave the company an "equal weight" rating in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $71.17.

Carter's Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.