Stone Ridge Asset Management LLC decreased its position in Carter’s, Inc. (NYSE:CRI) by 60.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 8,463 shares of the textile maker’s stock after selling 13,191 shares during the period. Stone Ridge Asset Management LLC’s holdings in Carter’s were worth $691,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC purchased a new stake in Carter’s during the third quarter valued at about $318,000. JPMorgan Chase & Co. lifted its stake in Carter’s by 14.8% during the third quarter. JPMorgan Chase & Co. now owns 1,028,620 shares of the textile maker’s stock valued at $101,422,000 after buying an additional 132,471 shares in the last quarter. Rhumbline Advisers lifted its stake in Carter’s by 0.7% during the third quarter. Rhumbline Advisers now owns 103,838 shares of the textile maker’s stock valued at $10,238,000 after buying an additional 694 shares in the last quarter. Commonwealth Bank of Australia purchased a new stake in Carter’s during the third quarter valued at about $374,000. Finally, Piedmont Investment Advisors Inc. purchased a new stake in Carter’s during the third quarter valued at about $327,000. Hedge funds and other institutional investors own 95.82% of the company’s stock.

A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. ValuEngine raised shares of Carter’s from a “sell” rating to a “hold” rating in a research note on Monday, November 26th. Citigroup increased their price target on shares of Carter’s from $107.00 to $113.00 and gave the stock a “buy” rating in a research report on Monday, December 3rd. TheStreet raised shares of Carter’s from a “c+” rating to a “b-” rating in a research report on Wednesday, March 13th. Finally, Wells Fargo & Co cut their price objective on shares of Carter’s from $105.00 to $98.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 2nd. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $107.44.

In other Carter’s news, EVP Julie D’emilio sold 4,000 shares of Carter’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $92.78, for a total transaction of $371,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy Woods Brinkley sold 2,475 shares of Carter’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $96.44, for a total value of $238,689.00. Following the transaction, the director now directly owns 21,646 shares of the company’s stock, valued at $2,087,540.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,660 shares of company stock valued at $1,218,660. 3.30% of the stock is owned by company insiders.

Shares of CRI stock opened at $94.45 on Monday. Carter’s, Inc. has a 12 month low of $75.66 and a 12 month high of $118.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.43 and a current ratio of 3.19. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 1.77 and a beta of 0.61.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Monday, February 25th. The textile maker reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.28. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Carter’s had a net margin of 8.15% and a return on equity of 35.33%. Carter’s’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $2.32 earnings per share. On average, sell-side analysts anticipate that Carter’s, Inc. will post 6.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Tuesday, March 12th were given a $0.50 dividend. This is a boost from Carter’s’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Monday, March 11th. Carter’s’s dividend payout ratio (DPR) is 31.80%.

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About Carter’s

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.

Further Reading: NASDAQ Stock Market Explained

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

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