Wedge Capital Management L L P NC Boosts Position in Carter's, Inc. (NYSE:CRI)

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

A number of other institutional investors have also bought and sold shares of CRI. Vanguard Group Inc. grew its holdings 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 purchasing an additional 366,293 shares in the last quarter. First Trust Advisors LP grew its stake 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 period. AQR Capital Management LLC lifted its position in Carter's by 124.4% during the fourth 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 lifted its position in shares of Carter's by 13.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,489 shares of the textile maker's stock valued at $67,651,000 after acquiring an additional 149,058 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Carter's by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock valued at $67,518,000 after acquiring an additional 74,133 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CRI shares. 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 report on Wednesday, May 14th. UBS Group cut their price target 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. Citigroup reduced their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Finally, Barclays assumed 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 for the company. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. Based on data from MarketBeat.com, Carter's has an average rating of "Reduce" and an average price target of $36.80.

Carter's Price Performance

Carter's stock traded down $0.46 on Thursday, reaching $31.79. The company's stock had a trading volume of 432,144 shares, compared to its average volume of 1,328,064. 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 fifty day moving average price is $34.32 and its 200 day moving average price is $44.56. Carter's, Inc. has a twelve month low of $29.62 and a twelve month high of $71.99. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 5.05, a PEG ratio of 3.37 and a beta of 1.00.

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 for the quarter, topping analysts' consensus estimates of $0.53 by $0.13. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The business had revenue of $291.09 million for the quarter, compared to analyst estimates of $624.86 million. During the same period in the previous year, the firm earned $0.98 EPS. The firm's revenue was down 4.8% compared to the same quarter last year. Equities analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Increases Dividend

The firm also recently disclosed 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 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 presently 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.