Carter's, Inc. (NYSE:CRI) Shares Bought by First Trust Advisors LP

First Trust Advisors LP raised its position in Carter's, Inc. (NYSE:CRI - Free Report) by 33.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,919,953 shares of the textile maker's stock after purchasing an additional 479,961 shares during the period. First Trust Advisors LP owned 5.33% of Carter's worth $104,042,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co raised its stake in shares of Carter's by 25.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 43,470 shares of the textile maker's stock worth $2,354,000 after acquiring an additional 8,868 shares in the last quarter. Dean Investment Associates LLC increased its stake in shares of Carter's by 3.5% during the fourth quarter. Dean Investment Associates LLC now owns 64,384 shares of the textile maker's stock valued at $3,489,000 after buying an additional 2,202 shares during the period. Canada Pension Plan Investment Board raised its holdings in Carter's by 187.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 55,400 shares of the textile maker's stock worth $3,002,000 after purchasing an additional 36,100 shares in the last quarter. Bridgewater Associates LP raised its position in shares of Carter's by 47.2% in the 4th quarter. Bridgewater Associates LP now owns 40,377 shares of the textile maker's stock worth $2,188,000 after acquiring an additional 12,948 shares in the last quarter. Finally, Mariner LLC raised its holdings in Carter's by 38.5% in the fourth quarter. Mariner LLC now owns 5,534 shares of the textile maker's stock worth $300,000 after purchasing an additional 1,537 shares in the last quarter.

Carter's Price Performance

Shares of NYSE CRI traded down $4.32 during midday trading on Friday, reaching $33.91. 3,174,640 shares of the stock traded hands, compared to its average volume of 1,227,035. The company's 50 day moving average is $40.30 and its 200 day moving average is $50.10. Carter's, Inc. has a one year low of $32.12 and a one year high of $72.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The stock has a market capitalization of $1.22 billion, a PE ratio of 5.38, a P/E/G ratio of 3.37 and a beta of 1.09.

Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $291.09 million for the quarter, compared to analysts' expectations of $624.86 million. On average, equities research analysts anticipate that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 9.44%. The ex-dividend date was Monday, March 10th. Carter's's payout ratio is 62.62%.

Analyst Upgrades and Downgrades

CRI has been the topic of several analyst reports. UBS Group dropped their target price on Carter's from $57.00 to $49.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company reduced their price target on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Finally, Citigroup dropped 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.

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.