Oppenheimer Asset Management Inc. Reduces Holdings in Carter’s, Inc. (NYSE:CRI) (2024)

Posted by Defense World Staff on Jul 17th, 2024

Oppenheimer Asset Management Inc. trimmed its stake in Carter’s, Inc. (NYSE:CRI – Free Report) by 28.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,797 shares of the textile maker’s stock after selling 2,271 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Carter’s were worth $491,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Quest Partners LLC purchased a new position in shares of Carter’s in the 4th quarter valued at $291,000. Pacer Advisors Inc. grew its position in shares of Carter’s by 59.3% in the 4th quarter. Pacer Advisors Inc. now owns 632,671 shares of the textile maker’s stock valued at $47,381,000 after buying an additional 235,431 shares during the last quarter. Hussman Strategic Advisors Inc. grew its position in shares of Carter’s by 103.2% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the textile maker’s stock valued at $4,718,000 after buying an additional 32,000 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Carter’s by 2,145.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,580 shares of the textile maker’s stock valued at $2,928,000 after buying an additional 33,040 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Carter’s by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 933,576 shares of the textile maker’s stock worth $69,916,000 after purchasing an additional 18,008 shares during the last quarter.

Carter’s Stock Up 2.5 %

CRI stock opened at $62.68 on Wednesday. Carter’s, Inc. has a one year low of $59.94 and a one year high of $88.03. The stock has a market capitalization of $2.29 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 3.04 and a beta of 1.22. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 2.43. The company has a fifty day moving average of $65.30 and a 200-day moving average of $73.24.

Carter’s (NYSE:CRI – Get Free Report) last released its earnings results on Friday, April 26th. The textile maker reported $1.02 EPS for the quarter, topping the consensus estimate of $0.69 by $0.33. Carter’s had a net margin of 8.06% and a return on equity of 28.55%. The company had revenue of $661.49 million during the quarter, compared to analysts’ expectations of $633.05 million. As a group, analysts expect that Carter’s, Inc. will post 6.3 EPS for the current year.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend was Friday, May 24th. Carter’s’s dividend payout ratio (DPR) is presently 50.47%.

Analysts Set New Price Targets

CRI has been the topic of several research reports. Citigroup lowered their price objective on shares of Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a research report on Thursday, April 18th. Wells Fargo & Company lowered their price objective on shares of Carter’s from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 24th. Finally, StockNews.com downgraded shares of Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, Carter’s has an average rating of “Hold” and an average price target of $73.80.

Read Our Latest Stock Analysis on CRI