Dimensional Fund Advisors LP Acquires 149,058 Shares of Carter's, Inc. (NYSE:CRI)

Dimensional Fund Advisors LP raised its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 13.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,248,489 shares of the textile maker's stock after buying an additional 149,058 shares during the quarter. Dimensional Fund Advisors LP owned about 3.46% of Carter's worth $67,651,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Pacer Advisors Inc. lifted its position in Carter's by 155.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock valued at $154,500,000 after acquiring an additional 1,732,857 shares during the period. First Trust Advisors LP lifted its holdings in shares of Carter's by 33.3% during the fourth quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker's stock valued at $104,042,000 after purchasing an additional 479,961 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Carter's by 10.4% in the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock worth $211,100,000 after purchasing an additional 366,293 shares in the last quarter. RWWM Inc. boosted its position in shares of Carter's by 61.5% in the 4th quarter. RWWM Inc. now owns 892,875 shares of the textile maker's stock worth $48,385,000 after purchasing an additional 339,879 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Carter's by 40.5% in the 4th quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker's stock worth $32,040,000 after buying an additional 170,528 shares during the last quarter.

Analyst Ratings Changes

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

Carter's Stock Performance

NYSE CRI traded down $0.98 during trading hours on Tuesday, hitting $32.86. The company's stock had a trading volume of 126,748 shares, compared to its average volume of 1,239,211. Carter's, Inc. has a 12 month low of $32.04 and a 12 month high of $72.11. The company's 50 day simple moving average is $38.46 and its two-hundred day simple moving average is $48.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The company has a market cap of $1.20 billion, a P/E ratio of 5.21, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05.

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

Carter's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were paid a $0.80 dividend. The ex-dividend date was Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 9.74%. Carter's's dividend payout ratio (DPR) is currently 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.