LSV Asset Management decreased its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,120,946 shares of the textile maker's stock after selling 24,691 shares during the quarter. LSV Asset Management owned 3.08% of Carter's worth $45,847,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also bought and sold shares of the company. RWWM Inc. boosted its position in shares of Carter's by 145.3% in the first quarter. RWWM Inc. now owns 2,190,482 shares of the textile maker's stock worth $89,591,000 after purchasing an additional 1,297,607 shares during the period. AQR Capital Management LLC lifted its stake in shares of 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 valued at $93,134,000 after purchasing an additional 964,494 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in Carter's by 108.0% during 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 during the last quarter. First Trust Advisors LP raised its position in Carter's by 33.3% in the 4th quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker's stock worth $104,042,000 after purchasing an additional 479,961 shares during the period. Finally, Vanguard Group Inc. boosted its position 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.
Carter's Stock Up 4.6%
Shares of Carter's stock traded up $1.10 on Monday, reaching $24.75. The stock had a trading volume of 1,624,246 shares, compared to its average volume of 1,854,234. The company has a 50 day moving average price of $30.62 and a 200 day moving average price of $37.95. 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 market capitalization of $901.46 million, a P/E ratio of 6.56 and a beta of 0.99.
Carter's (NYSE:CRI - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $585.31 million during the quarter, compared to analysts' expectations of $563.24 million. During the same period in the prior year, the firm posted $0.76 earnings per share. Carter's's revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, equities research analysts forecast that Carter's, Inc. will post 5.15 EPS for the current year.
Carter's Increases Dividend
The company also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd were issued a $0.25 dividend. This is a boost from Carter's's previous dividend of $0.22. This represents a dividend yield of 319.0%. The ex-dividend date of this dividend was Monday, June 2nd. Carter's's dividend payout ratio is currently 26.53%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on CRI shares. UBS Group lowered their target price on shares of Carter's from $32.00 to $26.00 and set a "neutral" rating for the company in a research note on Monday, July 28th. 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 report on Wednesday, May 14th. Finally, Barclays cut their price objective on shares of Carter's from $25.00 to $22.00 and set an "underweight" rating on the stock in a report on Tuesday, July 29th.
Get Our Latest Report on CRI
Carter's Profile
(
Free Report)
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.
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