BNP Paribas Financial Markets Has $14.09 Million Holdings in Carter's, Inc. (NYSE:CRI)

BNP Paribas Financial Markets grew its position in Carter's, Inc. (NYSE:CRI - Free Report) by 829.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 260,048 shares of the textile maker's stock after buying an additional 232,082 shares during the period. BNP Paribas Financial Markets owned 0.72% of Carter's worth $14,092,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research firms have weighed in on CRI. UBS Group reduced their target price on Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Citigroup reduced their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company lowered Carter's from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $40.00 to $25.00 in a report on Wednesday, April 30th. Finally, Barclays began coverage on Carter's in a report on Monday, April 28th. They set an "underweight" rating and a $25.00 target price on the stock. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $36.20.

Carter's Stock Down 0.6%

CRI traded down $0.21 on Tuesday, hitting $35.65. 1,556,704 shares of the company were exchanged, compared to its average volume of 1,263,932. Carter's, Inc. has a 12 month low of $32.04 and a 12 month high of $72.11. The company has a market cap of $1.30 billion, a PE ratio of 5.66, a PEG ratio of 3.37 and a beta of 1.05. 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's fifty day moving average is $37.62 and its 200-day moving average is $47.47.

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

Carter's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 8.98%. Carter's's payout ratio is presently 70.80%.

About Carter's

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.