Boston Trust Walden Corp Decreases Position in Carter’s, Inc. (NYSE:CRI)

Boston Trust Walden Corp lessened its stake in Carter’s, Inc. (NYSE:CRI) by 39.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 643,344 shares of the textile maker’s stock after selling 414,984 shares during the period. Boston Trust Walden Corp’s holdings in Carter’s were worth $41,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in CRI. GAMMA Investing LLC lifted its position in Carter’s by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after acquiring an additional 214 shares during the period. Gladius Capital Management LP acquired a new position in shares of Carter’s during the 2nd quarter worth $30,000. CWM LLC increased its holdings in shares of Carter’s by 431.3% in the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 483 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in shares of Carter’s by 67.6% in the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 346 shares during the period. Finally, LRI Investments LLC purchased a new stake in Carter’s during the first quarter worth about $77,000.

Carter’s Price Performance

NYSE:CRI opened at $56.95 on Friday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 8.98, a price-to-earnings-growth ratio of 3.86 and a beta of 1.23. 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. The company’s 50-day moving average is $66.18 and its two-hundred day moving average is $65.79.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Friday, October 25th. The textile maker reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.35. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. The company had revenue of $758.46 million during the quarter, compared to the consensus estimate of $747.95 million. Research analysts expect that Carter’s, Inc. will post 4.87 EPS for the current year.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s payout ratio is 50.47%.

Wall Street Analyst Weigh In

Several research firms recently commented on CRI. Bank of America decreased their price objective on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research report on Monday, July 29th. Wells Fargo & Company raised their price objective on shares of Carter’s from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, Carter’s has a consensus rating of “Hold” and an average price target of $71.17.

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.