RWWM Inc. Has $89.59 Million Holdings in Carter's, Inc. (NYSE:CRI)

RWWM Inc. boosted its position in Carter's, Inc. (NYSE:CRI - Free Report) by 145.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,190,482 shares of the textile maker's stock after purchasing an additional 1,297,607 shares during the period. Carter's comprises 7.2% of RWWM Inc.'s investment portfolio, making the stock its 7th biggest position. RWWM Inc. owned approximately 6.08% of Carter's worth $89,591,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of Carter's by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after buying an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Carter's by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock valued at $29,000 after acquiring an additional 507 shares during the last quarter. Colonial Trust Co SC purchased a new position in Carter's in the fourth quarter valued at about $29,000. Parallel Advisors LLC grew its position in shares of Carter's by 80.9% during the 1st quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock valued at $43,000 after acquiring an additional 475 shares during the period. Finally, True Wealth Design LLC increased its stake in shares of Carter's by 173.0% during the 4th quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock worth $49,000 after purchasing an additional 571 shares during the last quarter.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. UBS Group decreased their target price on Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Barclays assumed coverage on shares of Carter's in a report on Monday, April 28th. They set an "underweight" rating and a $25.00 price objective on the stock. Citigroup lowered their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company raised their price objective on shares of Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a report on Wednesday, May 14th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat.com, Carter's has an average rating of "Reduce" and a consensus price target of $36.80.

Carter's Price Performance

Shares of Carter's stock traded down $0.09 on Monday, reaching $31.05. The stock had a trading volume of 300,115 shares, compared to its average volume of 1,332,869. The business's 50 day moving average is $34.21 and its two-hundred day moving average is $44.09. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter's, Inc. has a 1 year low of $29.62 and a 1 year high of $71.99. The company has a market cap of $1.13 billion, a P/E ratio of 4.93, a price-to-earnings-growth ratio of 3.37 and a beta of 1.00.

Carter's (NYSE:CRI - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, beating 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 period in the previous year, the business earned $0.98 EPS. The business's revenue for the quarter was down 4.8% on a year-over-year basis. As a group, research analysts anticipate that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.25 per share. This represents a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, June 2nd. This is an increase from Carter's's previous dividend of $0.22. Carter's's dividend payout ratio (DPR) is 22.12%.

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.