Man Group plc Has $366,000 Stock Holdings in Carter's, Inc. (NYSE:CRI)

Man Group plc reduced its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 89.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,752 shares of the textile maker's stock after selling 55,624 shares during the period. Man Group plc's holdings in Carter's were worth $366,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in Carter's by 155.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock valued at $154,500,000 after purchasing an additional 1,732,857 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Carter's by 124.4% during 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. lifted its holdings in Carter's by 108.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,126,468 shares of the textile maker's stock valued at $61,043,000 after purchasing an additional 584,850 shares during the last quarter. First Trust Advisors LP lifted its holdings 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. Finally, Vanguard Group Inc. lifted its holdings in Carter's by 10.4% during the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock valued at $211,100,000 after purchasing an additional 366,293 shares during the last quarter.

Carter's Price Performance

Shares of NYSE CRI traded down $0.84 during trading on Friday, reaching $31.36. The company had a trading volume of 1,867,457 shares, compared to its average volume of 1,313,808. 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 stock has a market cap of $1.14 billion, a PE ratio of 4.98, a PEG ratio of 3.37 and a beta of 1.05. The business's 50 day moving average price is $35.66 and its 200-day moving average price is $45.67. Carter's, Inc. has a 52 week low of $31.07 and a 52 week high of $71.99.

Carter's (NYSE:CRI - Get Free Report) last released its earnings results on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.13. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The firm had revenue of $291.09 million during the quarter, compared to analyst estimates of $624.86 million. During the same quarter in the previous year, the business earned $0.98 EPS. The business's quarterly revenue was down 4.8% compared to the same quarter last year. 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 announced a dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $0.25 per share. This represents a yield of 3.19%. The ex-dividend date of this dividend is Monday, June 2nd. This is a positive change from Carter's's previous dividend of $0.22. Carter's's payout ratio is currently 22.12%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CRI shares. Barclays started coverage on shares of Carter's in a report on Monday, April 28th. They set an "underweight" rating and a $25.00 price target for the company. Citigroup dropped their target price on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company boosted their target price 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. Finally, UBS Group dropped their target price on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, Carter's has an average rating of "Reduce" and a consensus price target 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.