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

Hudson Edge Investment Partners Inc. trimmed its stake in shares of Carter’s, Inc. (NYSE:CRI) by 15.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,372 shares of the textile maker’s stock after selling 989 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Carter’s were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CRI. State of Michigan Retirement System raised its holdings in Carter’s by 2.3% during the first quarter. State of Michigan Retirement System now owns 9,029 shares of the textile maker’s stock worth $765,000 after purchasing an additional 200 shares in the last quarter. Qsemble Capital Management LP raised its stake in shares of Carter’s by 2.2% in the 4th quarter. Qsemble Capital Management LP now owns 9,814 shares of the textile maker’s stock worth $735,000 after buying an additional 214 shares in the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Carter’s by 2.9% in the first quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the textile maker’s stock valued at $898,000 after buying an additional 300 shares during the period. Quantbot Technologies LP boosted its stake in Carter’s by 2.3% during the first quarter. Quantbot Technologies LP now owns 13,178 shares of the textile maker’s stock valued at $1,116,000 after buying an additional 302 shares in the last quarter. Finally, Dean Capital Management grew its holdings in Carter’s by 2.3% during the fourth quarter. Dean Capital Management now owns 15,762 shares of the textile maker’s stock worth $1,180,000 after acquiring an additional 356 shares during the period.

Analyst Upgrades and Downgrades

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

Carter’s Trading Up 0.8 %

Shares of NYSE:CRI traded up $0.52 during midday trading on Friday, reaching $67.81. The company had a trading volume of 763,253 shares, compared to its average volume of 898,431. The company has a fifty day simple moving average of $62.90 and a two-hundred day simple moving average of $69.79. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 4.16 and a beta of 1.23. Carter’s, Inc. has a 1-year low of $54.74 and a 1-year high of $88.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 2.09.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Friday, July 26th. The textile maker reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.31. The company had revenue of $564.43 million during the quarter, compared to analyst estimates of $566.79 million. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. Research analysts predict that Carter’s, Inc. will post 4.9 earnings per share for the current year.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Tuesday, August 27th. Carter’s’s dividend payout ratio (DPR) is currently 50.47%.

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.