Guggenheim Capital LLC Sells 1,538 Shares of Carter’s, Inc. (NYSE:CRI)

Guggenheim Capital LLC lessened its stake in Carter’s, Inc. (NYSE:CRI) by 19.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 6,553 shares of the textile maker’s stock after selling 1,538 shares during the period. Guggenheim Capital LLC’s holdings in Carter’s were worth $355,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CRI. Barclays PLC raised its position in Carter’s by 58.7% in the 3rd quarter. Barclays PLC now owns 20,077 shares of the textile maker’s stock worth $1,304,000 after purchasing an additional 7,429 shares during the last quarter. Virtu Financial LLC bought a new position in Carter’s in the 3rd quarter worth approximately $692,000. Franklin Resources Inc. raised its position in Carter’s by 109.8% in the 3rd quarter. Franklin Resources Inc. now owns 38,617 shares of the textile maker’s stock worth $2,468,000 after purchasing an additional 20,210 shares during the last quarter. GAMMA Investing LLC raised its position in Carter’s by 258.0% in the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock worth $79,000 after purchasing an additional 1,045 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its position in shares of Carter’s by 66.7% during the 4th quarter. Pallas Capital Advisors LLC now owns 5,182 shares of the textile maker’s stock valued at $281,000 after acquiring an additional 2,074 shares during the last quarter.

Wall Street Analysts Forecast Growth

CRI has been the subject of several recent research reports. Wells Fargo & Company dropped their target price on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. Citigroup dropped their target price on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, UBS Group dropped their target price on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th.

Carter’s Stock Down 11.3 %

Shares of Carter’s stock opened at $33.91 on Monday. The company has a market capitalization of $1.22 billion, a P/E ratio of 5.38, a price-to-earnings-growth ratio of 3.37 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The business has a 50-day moving average of $40.30 and a two-hundred day moving average of $49.95. Carter’s, Inc. has a 1 year low of $32.12 and a 1 year high of $72.11.

Carter’s (NYSE:CRI) last announced its earnings results on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping the consensus estimate of $0.53 by $0.13. The firm had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. As a group, equities analysts predict that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 9.44%. The ex-dividend date of this dividend was Monday, March 10th. Carter’s’s payout ratio is presently 62.62%.

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.