CANADA LIFE ASSURANCE Co Acquires 8,868 Shares of Carter's, Inc. (NYSE:CRI)

CANADA LIFE ASSURANCE Co boosted its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 25.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,470 shares of the textile maker's stock after purchasing an additional 8,868 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.12% of Carter's worth $2,354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp raised 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 worth $27,000 after buying an additional 270 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Carter's by 2,112.5% during 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 in the last quarter. 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 acquiring an additional 268 shares during the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of Carter's in the 4th quarter valued at approximately $54,000. Finally, AlphaQuest LLC grew its holdings in shares of Carter's by 16,314.3% during the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock valued at $62,000 after purchasing an additional 1,142 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have weighed in on CRI shares. Citigroup cut their target price on shares of 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 target price on Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday. Wells Fargo & Company lowered shares of Carter's from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $40.00 to $25.00 in a report on Wednesday. Finally, Barclays initiated coverage on shares of Carter's in a research report on Monday. They issued an "underweight" rating and a $25.00 price target for the company. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $36.20.

Carter's Trading Up 1.8 %

Shares of NYSE CRI traded up $0.59 during midday trading on Friday, reaching $33.93. The stock had a trading volume of 222,791 shares, compared to its average volume of 1,231,724. The company's 50 day moving average price is $38.81 and its 200 day moving average price is $49.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter's, Inc. has a twelve month low of $32.04 and a twelve month high of $72.11. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 5.38, a price-to-earnings-growth ratio of 3.37 and a beta of 1.09.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, beating 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 business had revenue of $291.09 million for the quarter, compared to analysts' expectations of $624.86 million. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The business's quarterly revenue was down 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were issued a $0.80 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 9.43%. Carter's's payout ratio is currently 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.