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

Dimensional Fund Advisors LP increased its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 13.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,248,489 shares of the textile maker's stock after purchasing an additional 149,058 shares during the quarter. Dimensional Fund Advisors LP owned 3.46% of Carter's worth $67,651,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CRI. Venturi Wealth Management LLC raised its holdings in shares of 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 during the period. Jones Financial Companies Lllp raised its position in Carter's by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after buying an additional 270 shares during the last quarter. M&T Bank Corp lifted its stake in Carter's by 7.2% in the 4th quarter. M&T Bank Corp now owns 4,073 shares of the textile maker's stock valued at $221,000 after acquiring an additional 272 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC boosted its position in Carter's by 1.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 26,147 shares of the textile maker's stock worth $1,417,000 after acquiring an additional 448 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings 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 valued at $29,000 after purchasing an additional 507 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CRI shares. Citigroup cut their price target 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 cut their price objective on Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Wells Fargo & Company cut shares of Carter's from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $40.00 to $25.00 in a research note on Wednesday. Finally, Barclays initiated coverage on shares of Carter's in a report on Monday, April 28th. They issued an "underweight" rating and a $25.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. According to data from MarketBeat.com, Carter's presently has an average rating of "Reduce" and an average target price of $36.20.

Carter's Stock Performance

Shares of CRI stock traded up $1.62 during midday trading on Friday, hitting $34.96. 1,479,360 shares of the company were exchanged, compared to its average volume of 1,239,959. Carter's, Inc. has a 52 week low of $32.04 and a 52 week high of $72.11. The firm has a market capitalization of $1.27 billion, a P/E ratio of 5.55, a PEG ratio of 3.37 and a beta of 1.05. The firm's 50 day moving average price is $38.63 and its two-hundred day moving average price is $48.97. 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 (NYSE:CRI - Get Free Report) last announced its earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.13. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The company had revenue of $291.09 million for the quarter, compared to analyst estimates of $624.86 million. During the same quarter last year, the company earned $0.98 earnings per share. The firm's quarterly revenue was down 4.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 9.15%. 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.