Nuveen Asset Management LLC Has $1.99 Million Stock Holdings in Carter's, Inc. (NYSE:CRI)

Nuveen Asset Management LLC lessened its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 38.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,653 shares of the textile maker's stock after selling 23,081 shares during the quarter. Nuveen Asset Management LLC owned 0.10% of Carter's worth $1,986,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRI. 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 valued at $93,134,000 after buying an additional 964,494 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of Carter's by 108.0% in 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 in the last quarter. First Trust Advisors LP boosted its stake in shares of 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 valued at $104,042,000 after purchasing an additional 479,961 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Carter's by 10.4% in 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 in the last quarter. Finally, RWWM Inc. boosted its stake in shares of Carter's by 61.5% in the 4th quarter. RWWM Inc. now owns 892,875 shares of the textile maker's stock valued at $48,385,000 after purchasing an additional 339,879 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently commented on CRI. 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. Wells Fargo & Company boosted their target price on shares of Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a research note on Wednesday, May 14th. Barclays began coverage on shares of Carter's in a research note on Monday, April 28th. They issued an "underweight" rating and a $25.00 target price on the stock. Finally, UBS Group decreased their price objective on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $36.80.

Carter's Trading Down 0.7%

Shares of NYSE CRI traded down $0.23 during mid-day trading on Thursday, hitting $31.35. The company's stock had a trading volume of 1,559,010 shares, compared to its average volume of 1,320,893. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 4.98, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter's, Inc. has a one year low of $29.62 and a one year high of $71.99. The company's fifty day simple moving average is $35.05 and its 200-day simple moving average is $45.26.

Carter's (NYSE:CRI - Get Free Report) last issued its earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.13. The company had revenue of $291.09 million for the quarter, compared to analyst estimates of $624.86 million. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The company's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. On average, sell-side analysts anticipate that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd will be paid a $0.25 dividend. This represents a dividend 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 dividend payout ratio (DPR) is 22.12%.

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.