AQR Capital Management LLC Buys 964,494 Shares of Carter's, Inc. (NYSE:CRI)

AQR Capital Management LLC grew its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 124.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,739,522 shares of the textile maker's stock after buying an additional 964,494 shares during the quarter. AQR Capital Management LLC owned 4.83% of Carter's worth $93,134,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of CRI. Raymond James Financial Inc. purchased a new stake in Carter's during the fourth quarter worth about $1,609,000. Charles Schwab Investment Management Inc. increased its stake in shares of Carter's by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock worth $67,518,000 after purchasing an additional 74,133 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Carter's by 109.0% in the 4th quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker's stock worth $9,473,000 after purchasing an additional 91,162 shares during the period. Ruffer LLP bought a new position in Carter's during the fourth quarter valued at $635,000. Finally, William Blair Investment Management LLC increased its position in Carter's by 1.9% in the fourth quarter. William Blair Investment Management LLC now owns 530,582 shares of the textile maker's stock worth $28,752,000 after buying an additional 9,675 shares during the last quarter.

Carter's Stock Down 3.3 %

Shares of Carter's stock traded down $1.17 during midday trading on Monday, hitting $33.79. The company had a trading volume of 900,047 shares, compared to its average volume of 1,240,026. Carter's, Inc. has a 52-week low of $32.04 and a 52-week high of $72.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The stock has a market capitalization of $1.23 billion, a P/E ratio of 5.35, a P/E/G ratio of 3.37 and a beta of 1.05. The company has a 50 day moving average of $38.63 and a 200 day moving average of $48.84.

Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.13. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The company had revenue of $291.09 million for the quarter, compared to analysts' expectations of $624.86 million. During the same quarter in the previous year, the business posted $0.98 EPS. Carter's's revenue was down 4.8% compared to the same quarter last year. On average, equities analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 9.47%. The ex-dividend date was Monday, March 10th. Carter's's dividend payout ratio is 70.80%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays assumed coverage on shares of Carter's in a report on Monday, April 28th. They set an "underweight" rating and a $25.00 target price on the stock. Citigroup lowered their price target on Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company cut shares of Carter's from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $40.00 to $25.00 in a research note on Wednesday, April 30th. Finally, UBS Group lowered their price objective on Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $36.20.

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.