UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $6.22 Million Stake in Carter's, Inc. (NYSE:CRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 114,769 shares of the textile maker's stock after purchasing an additional 9,611 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.32% of Carter's worth $6,219,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its holdings in Carter's by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after buying an additional 268 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Carter's by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after acquiring an additional 270 shares during the last quarter. M&T Bank Corp grew its stake in shares of Carter's by 7.2% in the fourth quarter. M&T Bank Corp now owns 4,073 shares of the textile maker's stock worth $221,000 after acquiring an additional 272 shares during the last quarter. Hsbc Holdings PLC increased its position in Carter's by 7.1% during the fourth quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker's stock worth $279,000 after acquiring an additional 347 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its stake in Carter's by 1.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 26,147 shares of the textile maker's stock valued at $1,417,000 after purchasing an additional 448 shares during the last quarter.

Analyst Ratings Changes

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

Carter's Price Performance

Shares of NYSE:CRI traded down $0.10 on Thursday, hitting $31.49. The stock had a trading volume of 632,950 shares, compared to its average volume of 1,317,445. The firm's 50 day moving average price is $35.05 and its 200-day moving average price is $45.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter's, Inc. has a twelve month low of $29.62 and a twelve month high of $71.99. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 4.99, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05.

Carter's (NYSE:CRI - Get Free Report) last posted its 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 during the quarter, compared to analysts' expectations of $624.86 million. Carter's had a net margin of 8.11% and a return on equity of 27.15%. Carter's's quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. On average, equities research analysts predict 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. Stockholders of record on Tuesday, June 3rd will be paid a $0.25 dividend. The ex-dividend date is Monday, June 2nd. This is a positive change from Carter's's previous dividend of $0.22. This represents a dividend yield of 3.19%. 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.