Wedge Capital Management L L P NC Has $2.13 Million Stock Holdings in Carter's, Inc. (NYSE:CRI)

Wedge Capital Management L L P NC raised its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 40.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 51,945 shares of the textile maker's stock after acquiring an additional 14,919 shares during the period. Wedge Capital Management L L P NC owned 0.14% of Carter's worth $2,125,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CRI. Parallel Advisors LLC boosted its holdings in shares of Carter's by 80.9% in the 1st 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 during the last quarter. GAMMA Investing LLC lifted 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 worth $3,352,000 after buying an additional 80,514 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Carter's by 416.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 26,197 shares of the textile maker's stock valued at $1,420,000 after purchasing an additional 21,129 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Carter's during the fourth quarter worth approximately $2,809,000. Finally, Integrated Advisors Network LLC acquired a new position in Carter's during the 4th quarter worth $260,000.

Wall Street Analyst Weigh In

Several analysts have weighed in on CRI shares. Citigroup lowered their target price on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company lifted their price objective 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. UBS Group lowered their price target on Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Barclays began coverage on shares of Carter's in a report on Monday, April 28th. They set an "underweight" rating and a $25.00 target price for the company. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to data from MarketBeat.com, Carter's has an average rating of "Reduce" and an average price target of $36.80.

Carter's Stock Down 2.4%

Shares of CRI stock traded down $0.77 on Friday, reaching $31.15. 1,700,458 shares of the company's stock traded hands, compared to its average volume of 1,336,794. Carter's, Inc. has a 12-month low of $29.62 and a 12-month high of $71.99. The company has a market capitalization of $1.14 billion, a P/E ratio of 4.94, a price-to-earnings-growth ratio of 3.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The business's 50 day moving average price is $34.21 and its two-hundred day moving average price is $44.16.

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

Carter's Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, June 3rd will be issued a dividend of $0.25 per share. This is a positive change from Carter's's previous dividend of $0.22. This represents a yield of 3.19%. The ex-dividend date of this dividend is Monday, June 2nd. Carter's's dividend payout ratio (DPR) 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.