Carter's, Inc. (NYSE:CRI) Shares Acquired by RWWM Inc.

RWWM Inc. raised its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 145.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,190,482 shares of the textile maker's stock after acquiring an additional 1,297,607 shares during the quarter. Carter's makes up about 7.2% of RWWM Inc.'s holdings, making the stock its 7th largest holding. RWWM Inc. owned 6.08% of Carter's worth $89,591,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Carter's during the 4th quarter worth approximately $1,609,000. Charles Schwab Investment Management Inc. lifted its position in Carter's by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock worth $67,518,000 after buying an additional 74,133 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Carter's by 109.0% during the fourth quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker's stock worth $9,473,000 after buying an additional 91,162 shares during the last quarter. Ruffer LLP acquired a new position in Carter's during the fourth quarter worth $635,000. Finally, GAMMA Investing LLC grew its holdings in Carter's by 5,552.7% in the 1st quarter. GAMMA Investing LLC now owns 81,964 shares of the textile maker's stock valued at $3,352,000 after buying an additional 80,514 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have commented on CRI shares. Barclays began coverage on shares of Carter's in a research note on Monday, April 28th. They set an "underweight" rating and a $25.00 target price on the stock. 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 report on Wednesday, February 26th. Wells Fargo & Company increased their price objective 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, UBS Group decreased their price objective on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $36.80.

Carter's Stock Down 2.7%

CRI stock traded down $0.82 during trading on Wednesday, hitting $29.83. 1,159,353 shares of the company's stock were exchanged, compared to its average volume of 1,339,503. The company has a current ratio of 2.56, a quick ratio of 1.40 and a debt-to-equity ratio of 0.59. Carter's, Inc. has a 52-week low of $29.62 and a 52-week high of $71.99. The business has a 50-day moving average price of $34.02 and a two-hundred day moving average price of $43.83. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 6.60 and a beta of 1.00.

Carter's (NYSE:CRI - Get Free Report) last posted its 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 5.80% and a return on equity of 23.50%. The firm had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. During the same period last year, the firm posted $0.98 EPS. The company's revenue was down 4.8% on a year-over-year basis. As a group, equities research analysts expect that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 3.19%. This is a boost from Carter's's previous dividend of $0.22. Carter's's payout ratio is 22.12%.

About Carter's

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.