AQR Capital Management LLC Has $93.13 Million Position in Carter's, Inc. (NYSE:CRI)

AQR Capital Management LLC raised its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 124.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 about 4.83% of Carter's worth $93,134,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in shares of Carter's by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after acquiring an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Carter's by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock worth $29,000 after acquiring an additional 507 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Carter's by 36.9% in the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock worth $54,000 after buying an additional 268 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Carter's during the 4th quarter valued at about $54,000. Finally, AlphaQuest LLC increased its stake in Carter's by 16,314.3% in the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock worth $62,000 after acquiring an additional 1,142 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CRI. Citigroup cut their target price 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. UBS Group dropped their price objective on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Barclays started coverage on shares of Carter's in a report on Monday, April 28th. They issued an "underweight" rating and a $25.00 price target on the stock. Finally, Wells Fargo & Company cut Carter's from an "equal weight" rating to an "underweight" rating and decreased their price target for the company from $40.00 to $25.00 in a research note on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $36.20.

Carter's Price Performance

Shares of CRI traded down $1.05 during trading hours on Tuesday, reaching $32.80. 431,385 shares of the company traded hands, compared to its average volume of 1,240,161. The stock has a market capitalization of $1.20 billion, a PE ratio of 5.21, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $38.46 and a 200 day simple moving average of $48.61. Carter's, Inc. has a fifty-two week low of $32.04 and a fifty-two week high of $72.11.

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, beating the consensus estimate of $0.53 by $0.13. The firm had revenue of $291.09 million during the quarter, compared to the consensus estimate of $624.86 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The firm's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.98 EPS. As a group, research analysts predict that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 9.76%. The ex-dividend date was Monday, March 10th. Carter's's dividend payout ratio (DPR) is presently 70.80%.

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.