Carter’s, Inc. (NYSE:CRI) Position Trimmed by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. decreased its holdings in Carter’s, Inc. (NYSE:CRI) by 15.5% during the second quarter, Holdings Channel.com reports. The firm owned 5,372 shares of the textile maker’s stock after selling 989 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in Carter’s were worth $333,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CRI. Gladius Capital Management LP acquired a new position in Carter’s in the 2nd quarter valued at approximately $30,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Carter’s during the fourth quarter worth $37,000. CWM LLC boosted its position in Carter’s by 431.3% during the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 483 shares during the last quarter. Parallel Advisors LLC grew its stake in Carter’s by 457.2% in the fourth quarter. Parallel Advisors LLC now owns 808 shares of the textile maker’s stock valued at $61,000 after purchasing an additional 663 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in Carter’s in the first quarter valued at about $77,000.

Carter’s Stock Up 0.8 %

NYSE CRI traded up $0.52 during trading on Friday, hitting $67.81. 763,253 shares of the company traded hands, compared to its average volume of 898,431. The company has a market capitalization of $2.47 billion, a P/E ratio of 10.70, a PEG ratio of 4.16 and a beta of 1.23. The business has a fifty day simple moving average of $62.90 and a 200 day simple moving average of $69.79. Carter’s, Inc. has a 12 month low of $54.74 and a 12 month high of $88.03. 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 (NYSE:CRI) last posted its earnings results on Friday, July 26th. The textile maker reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.31. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. The firm had revenue of $564.43 million during the quarter, compared to analyst estimates of $566.79 million. As a group, sell-side analysts predict that Carter’s, Inc. will post 4.9 EPS for the current year.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be paid a $0.80 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.20 dividend on an annualized basis and a yield of 4.72%. Carter’s’s payout ratio is presently 50.47%.

Analyst Upgrades and Downgrades

Separately, Bank of America reduced their price target on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a report on Monday, July 29th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $70.50.

Carter’s Company 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.