Deutsche Bank AG Trims Position in Carter's, Inc. (NYSE:CRI)

Deutsche Bank AG decreased its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 76.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,222 shares of the textile maker's stock after selling 23,883 shares during the period. Deutsche Bank AG's holdings in Carter's were worth $391,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake 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 valued at $211,100,000 after buying an additional 366,293 shares during the period. First Trust Advisors LP boosted its stake in Carter's by 33.3% during the 4th quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker's stock valued at $104,042,000 after purchasing an additional 479,961 shares during the last quarter. AQR Capital Management LLC increased its holdings in Carter's by 124.4% in the 4th 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. Dimensional Fund Advisors LP grew its stake in shares of Carter's by 13.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,489 shares of the textile maker's stock worth $67,651,000 after acquiring an additional 149,058 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Carter's by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock valued at $67,518,000 after acquiring an additional 74,133 shares during the last quarter.

Carter's Stock Up 0.1%

Carter's stock traded up $0.04 during midday trading on Wednesday, hitting $31.59. 1,357,959 shares of the company's stock were exchanged, compared to its average volume of 1,319,933. The company has a market cap of $1.15 billion, a PE ratio of 5.01, a P/E/G ratio of 3.37 and a beta of 1.05. The firm has a 50-day moving average of $35.05 and a two-hundred day moving average of $45.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter's, Inc. has a 12 month low of $29.62 and a 12 month 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, topping analysts' consensus estimates 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 return on equity of 27.15% and a net margin of 8.11%. The business's quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 earnings per share. As a group, analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on CRI. UBS Group decreased 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. Wells Fargo & Company boosted their price target 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. Barclays assumed coverage on shares of Carter's in a research note on Monday, April 28th. They issued an "underweight" rating and a $25.00 price objective for the company. Finally, Citigroup reduced 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. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $36.80.

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.