Fuller & Thaler Asset Management Inc. Has $26.32 Million Stock Position in Carter's, Inc. $CRI

Key Points

• Fuller & Thaler Asset Management Inc. has reduced its holdings in Carter's, Inc. by 37.8%, now owning 643,392 shares valued at approximately $26.32 million.
• Research analysts have issued mixed ratings on Carter's stock, with Zacks lowering it to a "strong sell" and Wells Fargo raising its price target from $25 to $28.
• Carter's has announced a quarterly dividend of $0.25 per share, reflecting an annual yield of 3.9%, with a payout ratio of 26.53%.

Fuller & Thaler Asset Management Inc. trimmed its position in Carter's, Inc. (NYSE:CRI - Free Report) by 37.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 643,392 shares of the textile maker's stock after selling 390,965 shares during the period. Fuller & Thaler Asset Management Inc. owned about 1.77% of Carter's worth $26,315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RWWM Inc. raised its position in shares of Carter's by 145.3% in the 1st 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 during the period. AQR Capital Management LLC grew its position in Carter's by 124.4% in the fourth quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker's stock valued at $93,134,000 after acquiring an additional 964,494 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in Carter's by 108.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,126,468 shares of the textile maker's stock valued at $61,043,000 after acquiring an additional 584,850 shares in the last quarter. Interval Partners LP acquired a new stake in Carter's in the fourth quarter valued at approximately $14,242,000. Finally, BNP Paribas Financial Markets grew its position in Carter's by 829.9% in the fourth quarter. BNP Paribas Financial Markets now owns 260,048 shares of the textile maker's stock valued at $14,092,000 after acquiring an additional 232,082 shares in the last quarter.

Carter's Price Performance

Carter's stock traded up $0.34 during midday trading on Monday, hitting $26.63. The company's stock had a trading volume of 304,032 shares, compared to its average volume of 1,532,041. The company has a quick ratio of 1.03, a current ratio of 2.20 and a debt-to-equity ratio of 0.58. The stock's 50-day moving average price is $28.86 and its 200-day moving average price is $35.23. Carter's, Inc. has a 12 month low of $23.38 and a 12 month high of $71.99. The company has a market capitalization of $970.18 million, a PE ratio of 7.05 and a beta of 0.99.

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

Carter's Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, August 26th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.8%. Carter's's dividend payout ratio is currently 26.53%.

Analysts Set New Price Targets

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

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.