Carter’s, Inc. (NYSE:CRI) Stock Position Reduced by Oppenheimer Asset Management Inc.

Posted by on May 6th, 2023

Oppenheimer Asset Management Inc. lessened its position in shares of Carter’s, Inc. (NYSE:CRI – Get Rating) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,921 shares of the textile maker’s stock after selling 1,092 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Carter’s were worth $740,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in Carter’s by 14.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,178,878 shares of the textile maker’s stock worth $77,251,000 after buying an additional 149,321 shares during the last quarter. Barclays PLC lifted its holdings in Carter’s by 184.5% during the 3rd quarter. Barclays PLC now owns 25,403 shares of the textile maker’s stock worth $1,665,000 after buying an additional 16,474 shares during the last quarter. Comerica Bank lifted its holdings in Carter’s by 2.2% during the 3rd quarter. Comerica Bank now owns 36,663 shares of the textile maker’s stock worth $2,668,000 after buying an additional 798 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Carter’s during the 4th quarter worth approximately $617,000. Finally, WINTON GROUP Ltd raised its position in shares of Carter’s by 11.2% during the 3rd quarter. WINTON GROUP Ltd now owns 14,885 shares of the textile maker’s stock worth $975,000 after purchasing an additional 1,496 shares during the period. Institutional investors own 99.13% of the company’s stock.

Analysts Set New Price Targets

CRI has been the topic of a number of research reports. UBS Group dropped their price target on Carter’s from $74.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 29th. StockNews.com assumed coverage on Carter’s in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Citigroup lowered their target price on Carter’s from $62.00 to $60.00 in a research report on Tuesday. Finally, Wedbush cut Carter’s from an “outperform” rating to a “neutral” rating and set a $78.00 target price on the stock. in a research report on Thursday, January 26th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $77.67.

Carter’s Stock Up 3.1 %

CRI opened at $68.85 on Friday. Carter’s, Inc. has a 12 month low of $62.65 and a 12 month high of $86.76. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.54 and a quick ratio of 1.04. The stock has a market cap of $2.59 billion, a P/E ratio of 12.16 and a beta of 1.23. The stock’s 50 day moving average price is $70.72 and its 200 day moving average price is $73.60.

Carter’s (NYSE:CRI – Get Rating) last issued its quarterly earnings results on Friday, April 28th. The textile maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.46. Carter’s had a return on equity of 30.11% and a net margin of 6.97%. The company had revenue of $695.80 million for the quarter, compared to analysts’ expectations of $648.58 million. During the same period last year, the firm earned $1.66 EPS. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. As a group, research analysts predict that Carter’s, Inc. will post 5.97 earnings per share for the current year.

Carter’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Tuesday, March 7th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 4.36%. The ex-dividend date was Monday, March 6th. Carter’s’s dividend payout ratio (DPR) is presently 53.00%.

About Carter’s

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Carter’s, Inc engages in the marketing of apparel for babies and young children. It operates through the following segments: U.S. Retail, U.S. Wholesale, and International. The U.S. retail segment consists of sales of products in retail and online stores. The U.S. Wholesale segment includes sales in the United States of products to wholesale partners.

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Institutional Ownership by Quarter for Carter's (NYSE:CRI)

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