Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Carter's, Inc. (NYSE:CRI)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Carter's, Inc. (NYSE:CRI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 51,839 shares of the textile maker's stock, valued at approximately $2,809,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.14% of Carter's at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in 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 buying an additional 366,293 shares during the period. 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. AQR Capital Management LLC boosted its stake in shares of 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 purchasing an additional 964,494 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 valued at $67,651,000 after purchasing an additional 149,058 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Carter's by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock valued at $67,518,000 after purchasing an additional 74,133 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CRI. 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. 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. UBS Group reduced their target price on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, 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. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, Carter's has a consensus rating of "Reduce" and an average target price of $36.80.

Carter's Price Performance

NYSE CRI traded up $0.48 on Friday, hitting $31.83. 898,867 shares of the company were exchanged, compared to its average volume of 1,326,177. The firm has a 50 day moving average of $34.68 and a two-hundred day moving average of $44.98. The company has a market cap of $1.16 billion, a P/E ratio of 5.05, a P/E/G ratio of 3.37 and a beta of 1.05. 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.

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

Carter's Increases Dividend

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