LSV Asset Management Sells 24,691 Shares of Carter's, Inc. (NYSE:CRI)

LSV Asset Management trimmed its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 2.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,120,946 shares of the textile maker's stock after selling 24,691 shares during the quarter. LSV Asset Management owned about 3.08% of Carter's worth $45,847,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CRI. RWWM Inc. lifted its position in shares of Carter's by 145.3% during 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 in the last quarter. AQR Capital Management LLC raised its holdings in shares of Carter's by 124.4% during the fourth quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker's stock worth $93,134,000 after purchasing an additional 964,494 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of 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 worth $61,043,000 after purchasing an additional 584,850 shares during the period. First Trust Advisors LP raised its holdings in shares of Carter's by 33.3% during the fourth 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. grew 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 worth $211,100,000 after acquiring an additional 366,293 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CRI shares. Wells Fargo & Company upped their price target on shares of Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 14th. Barclays cut their price target on shares of Carter's from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Tuesday, July 29th. Finally, UBS Group reduced their price objective 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.

Carter's Stock Up 1.2%

NYSE:CRI traded up $0.32 during mid-day trading on Thursday, reaching $25.67. The stock had a trading volume of 566,587 shares, compared to its average volume of 1,556,343. The business's 50 day moving average is $30.32 and its 200 day moving average is $37.78. Carter's, Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $71.99. The stock has a market cap of $935.03 million, a P/E ratio of 6.80 and a beta of 0.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.20 and a quick ratio of 1.03.

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

Carter's Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd were paid a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This is a positive change from Carter's's previous dividend of $0.22. This represents a dividend yield of 319.0%. Carter's's dividend payout ratio is 26.53%.

Carter's Company 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.