Wellington Management Group LLP Cuts Stock Holdings in Carter's, Inc. (NYSE:CRI)

Wellington Management Group LLP cut its position in Carter's, Inc. (NYSE:CRI - Free Report) by 88.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,410 shares of the textile maker's stock after selling 1,367,026 shares during the quarter. Wellington Management Group LLP owned about 0.50% of Carter's worth $9,668,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Jones Financial Companies Lllp raised its stake in Carter's by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after purchasing an additional 270 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Carter's by 2,112.5% during the fourth 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 last quarter. Venturi Wealth Management LLC increased its position in Carter's by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after acquiring an additional 268 shares during the period. New Age Alpha Advisors LLC bought a new position in Carter's during the 4th quarter worth $54,000. Finally, AlphaQuest LLC lifted its stake in shares of Carter's by 16,314.3% in the fourth quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock worth $62,000 after acquiring an additional 1,142 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. 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. UBS Group decreased their price objective on Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company cut their target price on Carter's from $65.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th.

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Carter's Stock Performance

Shares of NYSE:CRI traded down $0.78 during trading on Tuesday, hitting $35.94. 185,369 shares of the company were exchanged, compared to its average volume of 1,192,234. The stock has a 50 day moving average of $43.13 and a 200 day moving average of $51.64. The company has a market cap of $1.29 billion, a PE ratio of 5.71, a P/E/G ratio of 3.37 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter's, Inc. has a 52-week low of $32.12 and a 52-week high of $74.40.

Carter's (NYSE:CRI - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, beating 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 period in the previous year, the business earned $2.76 EPS. The business's revenue for the quarter was up .2% on a year-over-year basis. As a group, equities research analysts predict that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a $0.80 dividend. The ex-dividend date was Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a yield of 8.90%. Carter's's dividend payout ratio is presently 62.62%.

Carter's Company 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.