Leeward Investments LLC MA Reduces Holdings in Carter’s, Inc. (NYSE:CRI)

Leeward Investments LLC MA cut its stake in shares of Carter’s, Inc. (NYSE:CRI) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 144,319 shares of the textile maker’s stock after selling 2,740 shares during the quarter. Leeward Investments LLC MA owned 0.39% of Carter’s worth $10,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of CRI. Oak Thistle LLC purchased a new stake in Carter’s during the 3rd quarter valued at about $259,000. Xponance Inc. boosted its holdings in Carter’s by 7.7% during the 3rd quarter. Xponance Inc. now owns 4,930 shares of the textile maker’s stock valued at $341,000 after acquiring an additional 354 shares during the period. Raymond James & Associates boosted its holdings in Carter’s by 0.6% during the 3rd quarter. Raymond James & Associates now owns 52,858 shares of the textile maker’s stock valued at $3,655,000 after acquiring an additional 294 shares during the period. Bank of New York Mellon Corp boosted its holdings in Carter’s by 5.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,713,889 shares of the textile maker’s stock valued at $118,515,000 after acquiring an additional 90,094 shares during the period. Finally, Reinhart Partners LLC. boosted its holdings in Carter’s by 4.7% during the 3rd quarter. Reinhart Partners LLC. now owns 560,677 shares of the textile maker’s stock valued at $38,771,000 after acquiring an additional 25,345 shares during the period.

Insider Transactions at Carter’s

In related news, Director Mark Hipp sold 1,875 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $81.74, for a total transaction of $153,262.50. Following the completion of the transaction, the director now owns 10,216 shares of the company’s stock, valued at approximately $835,055.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.30% of the company’s stock.

Carter’s Stock Down 2.2 %

Shares of NYSE:CRI traded down $1.55 during trading on Friday, hitting $70.01. The stock had a trading volume of 1,722,308 shares, compared to its average volume of 790,624. Carter’s, Inc. has a 12 month low of $60.65 and a 12 month high of $88.03. The company has a market capitalization of $2.57 billion, a PE ratio of 11.17, a PEG ratio of 2.12 and a beta of 1.29. The firm’s fifty day moving average is $79.73 and its 200 day moving average is $74.77. The company has a quick ratio of 1.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.59.

Carter’s (NYSE:CRI) last announced its earnings results on Tuesday, February 27th. The textile maker reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.52 by $0.24. Carter’s had a return on equity of 28.79% and a net margin of 7.89%. The firm had revenue of $858.00 million during the quarter, compared to analyst estimates of $867.81 million. During the same quarter in the prior year, the company earned $2.29 EPS. The business’s revenue was down 5.9% compared to the same quarter last year. Analysts anticipate that Carter’s, Inc. will post 6.52 EPS for the current fiscal year.

Carter’s Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 11th were given a $0.80 dividend. The ex-dividend date was Friday, March 8th. This represents a $3.20 annualized dividend and a dividend yield of 4.57%. This is a positive change from Carter’s’s previous quarterly dividend of $0.75. Carter’s’s dividend payout ratio is currently 51.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup dropped their target price on Carter’s from $66.00 to $64.00 and set a “sell” rating for the company in a report on Thursday, April 18th. Monness Crespi & Hardt cut Carter’s from a “buy” rating to a “neutral” rating in a report on Monday, February 26th. Wells Fargo & Company dropped their price objective on Carter’s from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Wednesday. UBS Group increased their price objective on Carter’s from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Finally, Evercore ISI increased their price objective on Carter’s from $70.00 to $80.00 and gave the stock an “in-line” rating in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $73.80.

About Carter’s

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.