Illinois Municipal Retirement Fund Purchases Shares of 17,928 Carter's, Inc. (NYSE:CRI)

Illinois Municipal Retirement Fund bought a new position in Carter's, Inc. (NYSE:CRI - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,928 shares of the textile maker's stock, valued at approximately $733,000.

A number of other institutional investors also recently modified their holdings of CRI. Jones Financial Companies Lllp boosted its holdings in shares of Carter's by 114.4% in the fourth 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 period. EverSource Wealth Advisors LLC boosted 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 buying an additional 507 shares during the period. Colonial Trust Co SC acquired a new position in shares of Carter's in the fourth quarter valued at approximately $29,000. True Wealth Design LLC boosted its holdings in Carter's by 173.0% during the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock worth $49,000 after purchasing an additional 571 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Carter's in the fourth quarter valued at $54,000.

Analysts Set New Price Targets

CRI has been the topic of several analyst reports. Barclays initiated coverage on shares of Carter's in a research report on Monday, April 28th. They set an "underweight" rating and a $25.00 price target on the stock. UBS Group lowered their price target on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Wells Fargo & Company increased their price objective on shares of Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat, Carter's presently has an average rating of "Reduce" and a consensus target price of $36.80.

Carter's Trading Down 2.2%

NYSE:CRI traded down $0.70 during mid-day trading on Friday, hitting $31.49. 870,320 shares of the company's stock were exchanged, compared to its average volume of 1,380,740. The company has a 50 day simple moving average of $32.50 and a 200-day simple moving average of $41.59. The company has a current ratio of 2.56, a quick ratio of 1.40 and a debt-to-equity ratio of 0.59. Carter's, Inc. has a fifty-two week low of $29.36 and a fifty-two week high of $71.99. The firm has a market capitalization of $1.15 billion, a P/E ratio of 6.97 and a beta of 0.98.

Carter's (NYSE:CRI - Get Free Report) last posted its earnings results on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping the consensus estimate of $0.53 by $0.13. The business had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. Carter's had a net margin of 5.80% and a return on equity of 23.50%. The firm's revenue was down 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. As a group, research analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd were given a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 3.19%. This is an increase from Carter's's previous dividend of $0.22. Carter's's payout ratio is 22.12%.

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.