HBK Sorce Advisory LLC Cuts Stake in Carter’s, Inc. $CRI

HBK Sorce Advisory LLC cut its stake in Carter’s, Inc. (NYSE:CRI) by 70.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. RWWM Inc. grew its stake in shares of Carter’s by 44.8% during the third quarter. RWWM Inc. now owns 5,900,170 shares of the textile maker’s stock valued at $166,503,000 after acquiring an additional 1,824,379 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Carter’s by 1.1% during the third quarter. Vanguard Group Inc. now owns 4,226,804 shares of the textile maker’s stock valued at $119,280,000 after acquiring an additional 46,560 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Carter’s by 37.1% during the fourth quarter. Salem Investment Counselors Inc. now owns 125,115 shares of the textile maker’s stock valued at $4,057,000 after acquiring an additional 33,845 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Carter’s during the third quarter valued at about $3,207,000. Finally, UBS Group AG grew its stake in shares of Carter’s by 29.6% during the fourth quarter. UBS Group AG now owns 1,349,777 shares of the textile maker’s stock valued at $43,773,000 after acquiring an additional 308,347 shares in the last quarter.

Carter’s Stock Up 2.5%

NYSE:CRI opened at $39.35 on Thursday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 15.87 and a beta of 0.86. Carter’s, Inc. has a one year low of $23.38 and a one year high of $44.44. The stock has a 50-day simple moving average of $35.92 and a 200 day simple moving average of $35.08. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.80.

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

Carter’s Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CRI shares. Monness Crespi & Hardt raised their target price on Carter’s from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Zacks Research downgraded Carter’s from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wells Fargo & Company raised their target price on Carter’s from $28.00 to $33.00 and gave the company an “underweight” rating in a research note on Wednesday, April 29th. Weiss Ratings downgraded Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Needham & Company LLC started coverage on Carter’s in a research note on Thursday, March 26th. They set a “hold” rating for the company. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Carter’s has a consensus rating of “Hold” and a consensus target price of $39.67.

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.