Carter's, Inc. (NYSE:CRI) Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH boosted its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 6.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 631,557 shares of the textile maker's stock after acquiring an additional 40,311 shares during the period. Allianz Asset Management GmbH owned about 1.73% of Carter's worth $25,831,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in CRI. Vanguard Group Inc. grew its holdings in shares of Carter's by 10.4% during the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock worth $211,100,000 after buying an additional 366,293 shares in the last quarter. RWWM Inc. grew its holdings in shares of Carter's by 145.3% during the first quarter. RWWM Inc. now owns 2,190,482 shares of the textile maker's stock worth $89,591,000 after buying an additional 1,297,607 shares in the last quarter. First Trust Advisors LP grew 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 worth $104,042,000 after buying an additional 479,961 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Carter's by 124.4% during the fourth quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker's stock worth $93,134,000 after buying an additional 964,494 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Carter's by 13.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,489 shares of the textile maker's stock worth $67,651,000 after buying an additional 149,058 shares in the last quarter.

Analysts Set New Price Targets

CRI has been the subject of a number of analyst reports. UBS Group dropped their price objective on shares of 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 upped their price objective on shares of Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a report on Wednesday, May 14th. 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 price objective for the company. Three analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $36.80.

Carter's Trading Down 19.5%

CRI stock traded down $6.40 during mid-day trading on Friday, hitting $26.36. 8,093,718 shares of the company were exchanged, compared to its average volume of 1,491,400. The company has a quick ratio of 1.40, a current ratio of 2.56 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $960.38 million, a P/E ratio of 5.83 and a beta of 0.98. The business has a fifty day simple moving average of $31.64 and a 200-day simple moving average of $39.30. Carter's, Inc. has a 12-month low of $23.50 and a 12-month high of $71.99.

Carter's (NYSE:CRI - Get Free Report) last announced its earnings results on Friday, July 25th. The textile maker reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.26). The company had revenue of $585.31 million for the quarter, compared to analysts' expectations of $563.24 million. Carter's had a return on equity of 23.50% and a net margin of 5.80%. The company's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. On average, equities research analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Increases Dividend

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

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.