Wellington Management Group LLP Cuts Holdings in Carter's, Inc. (NYSE:CRI)

Wellington Management Group LLP lowered its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 88.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 178,410 shares of the textile maker's stock after selling 1,367,026 shares during the period. Wellington Management Group LLP owned 0.50% of Carter's worth $9,668,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRI. Jones Financial Companies Lllp boosted its stake in Carter's by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after buying an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Carter's by 2,112.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock worth $29,000 after buying an additional 507 shares during the last quarter. Colonial Trust Co SC acquired a new position in Carter's during the fourth quarter worth $29,000. True Wealth Design LLC boosted its stake in Carter's by 173.0% during the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock worth $49,000 after buying an additional 571 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Carter's by 36.9% in the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after purchasing an additional 268 shares during the period.

Carter's Trading Up 0.1%

CRI traded up $0.04 during mid-day trading on Wednesday, hitting $31.59. 1,357,959 shares of the stock were exchanged, compared to its average volume of 1,317,148. The firm's fifty day moving average is $35.23 and its two-hundred day moving average is $45.36. Carter's, Inc. has a 1-year low of $29.62 and a 1-year high of $71.99. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.15 billion, a PE ratio of 5.01, a PEG 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, topping the consensus estimate of $0.53 by $0.13. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The firm had revenue of $291.09 million for the quarter, compared to analyst estimates of $624.86 million. During the same quarter in the prior year, the company earned $0.98 EPS. Carter's's revenue was down 4.8% on a year-over-year basis. Equities analysts forecast 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. Investors of record on Tuesday, June 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 3.19%. This is a boost from Carter's's previous dividend of $0.22. Carter's's payout ratio is 22.12%.

Wall Street Analyst Weigh In

CRI has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a research report on Wednesday, May 14th. Citigroup reduced their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. UBS Group reduced their target price 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 initiated coverage on Carter's in a research report on Monday, April 28th. They issued 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 data from MarketBeat.com, Carter's currently has an average rating of "Reduce" and a consensus target price of $36.80.

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.