Carter’s, Inc. (NYSE:CRI) Shares Sold by EMC Capital Management

EMC Capital Management lessened its position in shares of Carter’s, Inc. (NYSE:CRI) by 66.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,330 shares of the textile maker’s stock after selling 6,469 shares during the quarter. EMC Capital Management’s holdings in Carter’s were worth $180,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in Carter’s by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 214 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Carter’s during the 3rd quarter worth about $28,000. Venturi Wealth Management LLC raised its holdings in Carter’s by 221.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares during the period. Truvestments Capital LLC acquired a new position in Carter’s in the third quarter valued at about $74,000. Finally, KBC Group NV boosted its stake in Carter’s by 136.7% during the fourth quarter. KBC Group NV now owns 1,780 shares of the textile maker’s stock worth $96,000 after buying an additional 1,028 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Citigroup raised Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $67.67.

Carter’s Price Performance

Shares of CRI opened at $54.79 on Friday. The company has a market cap of $1.97 billion, a P/E ratio of 8.70, a PEG ratio of 3.55 and a beta of 1.22. Carter’s, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $88.03. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average price is $54.50 and its 200 day moving average price is $59.57.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s payout ratio is currently 50.79%.

Carter’s Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.