UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Carter's, Inc. (NYSE:CRI - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,769 shares of the textile maker's stock after acquiring an additional 9,611 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.32% of Carter's worth $6,219,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake 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 in the last quarter. First Trust Advisors LP grew its holdings in shares of 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. AQR Capital Management LLC grew its holdings in shares of 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. Dimensional Fund Advisors LP raised its position in Carter's by 13.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,248,489 shares of the textile maker's stock worth $67,651,000 after purchasing an additional 149,058 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Carter's by 6.3% in 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 purchasing an additional 74,133 shares during the last quarter.
Carter's Trading Up 1.5%
Shares of NYSE:CRI traded up $0.48 during midday trading on Friday, hitting $31.83. 898,867 shares of the stock traded hands, compared to its average volume of 1,326,177. The stock has a market capitalization of $1.16 billion, a PE ratio of 5.05, a P/E/G ratio of 3.37 and a beta of 1.05. The business's 50 day moving average is $34.68 and its two-hundred day moving average is $44.98. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter's, Inc. has a one year low of $29.62 and a one year high of $71.99.
Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.13. The company had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. Carter's's revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 EPS. As a group, research analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current year.
Carter's Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, June 3rd will be paid a $0.25 dividend. This is a positive change from Carter's's previous dividend of $0.22. The ex-dividend date is Monday, June 2nd. This represents a yield of 3.19%. Carter's's dividend payout ratio (DPR) is presently 22.12%.
Analyst Upgrades and Downgrades
CRI has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on 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 Carter's in a research report on Monday, April 28th. They set an "underweight" rating and a $25.00 price target on the stock. Citigroup lowered their price objective on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, UBS Group dropped their price objective on 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 equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, Carter's has an average rating of "Reduce" and a consensus price target of $36.80.
Check Out Our Latest Research Report on CRI
About Carter's
(
Free Report)
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.
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