Carter’s, Inc. (NYSE:CRI) Shares Sold by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC reduced its stake in shares of Carter’s, Inc. (NYSE:CRI) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,956 shares of the textile maker’s stock after selling 494 shares during the quarter. MetLife Investment Advisors LLC owned about 0.06% of Carter’s worth $2,282,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRI. Cascade Investment Advisors Inc. raised its position in shares of Carter’s by 2.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 7,820 shares of the textile maker’s stock worth $638,000 after purchasing an additional 160 shares during the last quarter. Mackenzie Financial Corp grew its stake in Carter’s by 20.1% in the fourth quarter. Mackenzie Financial Corp now owns 1,348,554 shares of the textile maker’s stock worth $110,069,000 after purchasing an additional 226,089 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Carter’s by 5.5% in the third quarter. Neuberger Berman Group LLC now owns 8,547 shares of the textile maker’s stock worth $843,000 after purchasing an additional 447 shares in the last quarter. Delek Group Ltd. grew its stake in Carter’s by 11.7% in the fourth quarter. Delek Group Ltd. now owns 190,544 shares of the textile maker’s stock worth $15,970,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Carter’s by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 465,604 shares of the textile maker’s stock worth $45,906,000 after purchasing an additional 8,631 shares in the last quarter. 95.82% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Richard F. Westenberger sold 6,185 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $98.44, for a total transaction of $608,851.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Julie D’emilio sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $92.78, for a total value of $371,120.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,660 shares of company stock worth $1,218,660. Corporate insiders own 3.30% of the company’s stock.

A number of equities analysts recently commented on CRI shares. ValuEngine downgraded Carter’s from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. TheStreet upgraded Carter’s from a “c+” rating to a “b-” rating in a research note on Wednesday, March 13th. Citigroup reiterated a “buy” rating and issued a $120.00 price target on shares of Carter’s in a research note on Monday, March 18th. Zacks Investment Research upgraded Carter’s from a “sell” rating to a “hold” rating in a research note on Monday, December 31st. Finally, Deutsche Bank assumed coverage on Carter’s in a research note on Tuesday, April 16th. They issued a “hold” rating and a $99.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $107.50.

CRI stock traded up $0.18 during midday trading on Friday, reaching $104.06. The company had a trading volume of 540,394 shares, compared to its average volume of 605,918. The company has a market cap of $4.73 billion, a P/E ratio of 16.54, a PEG ratio of 1.96 and a beta of 0.61. The company has a quick ratio of 1.43, a current ratio of 3.19 and a debt-to-equity ratio of 0.68. Carter’s, Inc. has a fifty-two week low of $75.66 and a fifty-two week high of $118.22.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Monday, February 25th. The textile maker reported $2.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.57 by $0.27. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Carter’s had a return on equity of 35.33% and a net margin of 8.15%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.32 earnings per share. Analysts expect that Carter’s, Inc. will post 6.64 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Tuesday, March 12th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Monday, March 11th. This is a boost from Carter’s’s previous quarterly dividend of $0.45. Carter’s’s payout ratio 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, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

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

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