CX Institutional Invests $2.52 Million in Carter's, Inc. (NYSE:CRI)

CX Institutional bought a new position in shares of Carter's, Inc. (NYSE:CRI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 61,646 shares of the textile maker's stock, valued at approximately $2,521,000. CX Institutional owned 0.17% of Carter's as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRI. Raymond James Financial Inc. purchased a new stake in shares of Carter's in the fourth quarter worth about $1,609,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Carter's by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock worth $67,518,000 after buying an additional 74,133 shares in the last quarter. Principal Financial Group Inc. raised its stake in Carter's by 109.0% in the fourth quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker's stock valued at $9,473,000 after purchasing an additional 91,162 shares in the last quarter. Ruffer LLP purchased a new stake in Carter's in the fourth quarter valued at approximately $635,000. Finally, William Blair Investment Management LLC raised its stake in Carter's by 1.9% in the fourth quarter. William Blair Investment Management LLC now owns 530,582 shares of the textile maker's stock valued at $28,752,000 after purchasing an additional 9,675 shares in the last quarter.

Carter's Price Performance

Shares of CRI stock traded down $0.77 during trading hours on Friday, hitting $31.15. 1,700,458 shares of the company's stock were exchanged, compared to its average volume of 1,336,794. The company has a market capitalization of $1.14 billion, a PE ratio of 4.94, a PEG ratio of 3.37 and a beta of 1.00. Carter's, Inc. has a 12-month low of $29.62 and a 12-month high of $71.99. The business's 50 day simple moving average is $34.21 and its 200-day simple moving average is $44.09. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

Carter's (NYSE:CRI - Get Free Report) last posted its quarterly 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 firm 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 8.11% and a return on equity of 27.15%. The business's revenue was down 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.98 earnings per share. On average, equities research analysts anticipate that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd will be issued a $0.25 dividend. This is a boost from Carter's's previous dividend of $0.22. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 3.19%. Carter's's dividend payout ratio (DPR) is currently 22.12%.

Analyst Ratings Changes

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

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.