61,646 Shares in Carter's, Inc. (NYSE:CRI) Acquired by CX Institutional

CX Institutional acquired a new stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 61,646 shares of the textile maker's stock, valued at approximately $2,521,000. CX Institutional owned approximately 0.17% of Carter's at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Venturi Wealth Management LLC increased its position in shares of Carter's by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after purchasing an additional 268 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Carter's by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after purchasing an additional 270 shares during the last quarter. M&T Bank Corp increased its position in shares of Carter's by 7.2% during the 4th quarter. M&T Bank Corp now owns 4,073 shares of the textile maker's stock valued at $221,000 after purchasing an additional 272 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Carter's by 7.1% in the 4th quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker's stock worth $279,000 after acquiring an additional 347 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Carter's by 1.7% in 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.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. UBS Group decreased 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. Barclays assumed coverage on Carter's in a report on Monday, April 28th. They issued an "underweight" rating and a $25.00 price objective for the company. Citigroup decreased their price objective on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company lifted their price objective on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a report on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average target price of $36.80.

Carter's Price Performance

NYSE CRI traded down $0.32 during trading hours on Thursday, hitting $31.93. The company had a trading volume of 1,346,829 shares, compared to its average volume of 1,332,757. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 5.07, a PEG ratio of 3.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The firm has a 50 day simple moving average of $34.32 and a 200 day simple moving average of $44.56. Carter's, Inc. has a 52 week low of $29.62 and a 52 week high of $71.99.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.13. The firm had revenue of $291.09 million during the quarter, compared to the consensus estimate of $624.86 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The company's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the company posted $0.98 EPS. Equities research analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.25 per share. This represents a dividend yield of 3.19%. The ex-dividend date is Monday, June 2nd. This is an increase from Carter's's previous dividend of $0.22. Carter's's dividend payout ratio (DPR) is 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.