Carter’s, Inc. (NYSE:CRI) shares were down 5.1% on Wednesday . The company traded as low as $100.26 and last traded at $100.37. Approximately 1,447,782 shares traded hands during trading, an increase of 78% from the average daily volume of 811,834 shares. The stock had previously closed at $105.81.

A number of research analysts have recently weighed in on CRI shares. ValuEngine raised Carter’s from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Zacks Investment Research raised Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Cowen reaffirmed a “hold” rating and set a $104.00 price objective on shares of Carter’s in a research report on Friday, July 27th. Finally, UBS Group started coverage on Carter’s in a research report on Thursday, June 21st. They set a “neutral” rating and a $114.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Carter’s has a consensus rating of “Buy” and a consensus price target of $122.91.

The company has a quick ratio of 1.24, a current ratio of 3.36 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $4.66 billion, a P/E ratio of 16.82, a P/E/G ratio of 1.67 and a beta of 0.49.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Thursday, July 26th. The textile maker reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.22. Carter’s had a return on equity of 34.29% and a net margin of 8.69%. The company had revenue of $696.20 million for the quarter, compared to analysts’ expectations of $684.04 million. During the same period in the previous year, the firm earned $0.79 EPS. The firm’s revenue was up .6% compared to the same quarter last year. analysts anticipate that Carter’s, Inc. will post 6.45 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Monday, August 27th will be issued a $0.45 dividend. The ex-dividend date is Friday, August 24th. This represents a $1.80 dividend on an annualized basis and a yield of 1.86%. Carter’s’s dividend payout ratio is presently 31.25%.

In related news, Director Jevin Eagle sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $109.10, for a total value of $545,500.00. Following the transaction, the director now directly owns 6,297 shares of the company’s stock, valued at approximately $687,002.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David Pulver purchased 1,000 shares of the stock in a transaction that occurred on Friday, July 27th. The stock was acquired at an average cost of $105.00 per share, for a total transaction of $105,000.00. Following the completion of the acquisition, the director now owns 58,517 shares in the company, valued at approximately $6,144,285. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Carter’s by 5.3% in the 1st quarter. BlackRock Inc. now owns 4,182,384 shares of the textile maker’s stock worth $435,384,000 after purchasing an additional 209,875 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Carter’s in the 2nd quarter worth approximately $54,012,000. Silvercrest Asset Management Group LLC increased its stake in Carter’s by 1.8% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 480,291 shares of the textile maker’s stock worth $49,998,000 after acquiring an additional 8,306 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Carter’s by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 456,973 shares of the textile maker’s stock worth $49,536,000 after acquiring an additional 6,161 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in Carter’s by 126.2% in the 1st quarter. Prudential Financial Inc. now owns 435,376 shares of the textile maker’s stock worth $45,323,000 after acquiring an additional 242,920 shares during the last quarter. 95.95% of the stock is currently owned by institutional investors.

About Carter’s (NYSE:CRI)

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.

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