Universal Beteiligungs und Servicegesellschaft mbH Has $1.62 Million Position in Carter's, Inc. (NYSE:CRI)

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 23.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,700 shares of the textile maker's stock after selling 12,139 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Carter's worth $1,624,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Allworth Financial LP grew its position in Carter's by 313.1% in the first quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock valued at $28,000 after purchasing an additional 548 shares in the last quarter. Colonial Trust Co SC bought a new position in Carter's in the fourth quarter valued at $29,000. Parallel Advisors LLC grew its position in Carter's by 80.9% in the first quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock valued at $43,000 after purchasing an additional 475 shares in the last quarter. True Wealth Design LLC grew its position in shares of Carter's by 173.0% in the 4th quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock valued at $49,000 after acquiring an additional 571 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of Carter's in the 4th quarter valued at about $54,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Barclays decreased their price objective on shares of Carter's from $25.00 to $22.00 and set an "underweight" rating for the company in a research report on Tuesday, July 29th. Wells Fargo & Company raised their target price on shares of Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 14th. Finally, UBS Group cut their target price on shares of Carter's from $32.00 to $26.00 and set a "neutral" rating for the company in a research note on Monday, July 28th.

Carter's Stock Performance

Carter's stock traded up $0.07 during midday trading on Monday, hitting $23.72. The company's stock had a trading volume of 290,078 shares, compared to its average volume of 1,559,088. Carter's, Inc. has a 1-year low of $23.38 and a 1-year high of $71.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.20 and a quick ratio of 1.03. The company has a 50-day moving average price of $30.76 and a two-hundred day moving average price of $38.15. The company has a market cap of $864.19 million, a price-to-earnings ratio of 6.30 and a beta of 0.99.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The textile maker reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.26). The business had revenue of $585.31 million during the quarter, compared to analyst estimates of $563.24 million. Carter's had a return on equity of 20.68% and a net margin of 4.79%. Carter's's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. As a group, sell-side analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd were given a $0.25 dividend. This represents a dividend yield of 319.0%. The ex-dividend date was Monday, June 2nd. This is a boost from Carter's's previous dividend of $0.22. Carter's's dividend payout ratio is presently 26.53%.

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.