Carter's, Inc. $CRI Stock Holdings Lifted by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Carter's, Inc. by 6.5%, now owning 1,327,040 shares valued at approximately $54.3 million.
• Carter's reported a missed earnings per share estimate for the last quarter, posting only $0.17 compared to the expected $0.43, despite revenue exceeding projections.
• The company has declared a quarterly dividend of $0.25 per share, reflecting an annual yield of 3.8%, with a payout ratio of 26.53%.

Charles Schwab Investment Management Inc. raised its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 6.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,327,040 shares of the textile maker's stock after acquiring an additional 81,097 shares during the period. Charles Schwab Investment Management Inc. owned 3.64% of Carter's worth $54,276,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in Carter's by 313.1% in the first quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock valued at $28,000 after acquiring an additional 548 shares during the period. Colonial Trust Co SC acquired a new position in shares of Carter's during the fourth quarter worth approximately $29,000. Parallel Advisors LLC boosted its position in shares of Carter's by 80.9% during the first quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock worth $43,000 after buying an additional 475 shares during the period. True Wealth Design LLC boosted its position in shares of 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 buying an additional 571 shares during the period. Finally, US Bancorp DE boosted its position in shares of Carter's by 45.0% during the first quarter. US Bancorp DE now owns 1,408 shares of the textile maker's stock worth $58,000 after buying an additional 437 shares during the period.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Zacks Research downgraded Carter's from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. UBS Group reduced their price objective on Carter's from $32.00 to $26.00 and set a "neutral" rating for the company in a research report on Monday, July 28th. Wells Fargo & Company boosted their price objective on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 14th. Finally, Barclays reduced their price objective on Carter's from $25.00 to $22.00 and set an "underweight" rating for the company in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Sell" and an average price target of $30.25.

Carter's Price Performance

CRI traded down $0.1150 during trading on Wednesday, reaching $25.4450. The stock had a trading volume of 1,309,259 shares, compared to its average volume of 1,905,760. The firm has a market capitalization of $926.96 million, a price-to-earnings ratio of 6.75 and a beta of 0.99. The company has a quick ratio of 1.03, a current ratio of 2.20 and a debt-to-equity ratio of 0.58. Carter's, Inc. has a 1-year low of $23.38 and a 1-year high of $71.99. The stock has a 50 day moving average of $29.09 and a two-hundred day moving average of $35.80.

Carter's (NYSE:CRI - Get Free Report) last released its earnings results on Friday, July 25th. The textile maker reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.26). The firm had revenue of $585.31 million during the quarter, compared to analyst estimates of $563.24 million. Carter's had a return on equity of 20.68% and a net margin of 4.79%.The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $0.76 earnings per share. As a group, equities analysts anticipate that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, August 26th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.9%. Carter's's dividend payout ratio is currently 26.53%.

Carter's Company 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.