Carter’s, Inc. $CRI Shares Sold by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC reduced its stake in Carter’s, Inc. (NYSE:CRI) by 70.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 6,532 shares of the textile maker’s stock after selling 15,841 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Carter’s were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Amalgamated Bank boosted its stake in Carter’s by 3.5% in the third quarter. Amalgamated Bank now owns 10,756 shares of the textile maker’s stock valued at $304,000 after acquiring an additional 360 shares during the period. PNC Financial Services Group Inc. boosted its stake in Carter’s by 13.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,160 shares of the textile maker’s stock valued at $135,000 after acquiring an additional 479 shares during the period. Sound Income Strategies LLC boosted its stake in Carter’s by 9.9% in the fourth quarter. Sound Income Strategies LLC now owns 7,487 shares of the textile maker’s stock valued at $243,000 after acquiring an additional 673 shares during the period. Russell Investments Group Ltd. boosted its stake in Carter’s by 4.7% in the second quarter. Russell Investments Group Ltd. now owns 16,482 shares of the textile maker’s stock valued at $497,000 after acquiring an additional 734 shares during the period. Finally, Legal & General Group Plc boosted its stake in Carter’s by 0.7% in the third quarter. Legal & General Group Plc now owns 111,691 shares of the textile maker’s stock valued at $3,152,000 after acquiring an additional 739 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CRI shares. UBS Group lifted their target price on Carter’s from $40.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Needham & Company LLC initiated coverage on Carter’s in a research note on Thursday, March 26th. They issued a “hold” rating for the company. Weiss Ratings cut Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. The Goldman Sachs Group raised Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Thursday, April 9th. Finally, Zacks Research cut Carter’s from a “strong-buy” rating to a “hold” rating in a report on Monday. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.67.

Carter’s Stock Performance

CRI opened at $39.35 on Thursday. The business’s 50 day moving average is $35.92 and its 200-day moving average is $35.08. The stock has a market cap of $1.45 billion, a PE ratio of 15.87 and a beta of 0.86. The company has a current ratio of 2.80, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. Carter’s, Inc. has a twelve month low of $23.38 and a twelve month high of $44.44.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Wednesday, May 6th. The textile maker reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.26. The company had revenue of $681.11 million for the quarter, compared to analysts’ expectations of $660.59 million. Carter’s had a return on equity of 13.06% and a net margin of 3.07%.The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 earnings per share. Carter’s has set its Q2 2026 guidance at 0.020-0.060 EPS. On average, analysts predict that Carter’s, Inc. will post 3.06 earnings per share for the current year.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Tuesday, May 26th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, May 26th. Carter’s’s payout ratio is 40.32%.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.