Freestone Grove Partners LP Buys Shares of 12,543 Carter's, Inc. (NYSE:CRI)

Freestone Grove Partners LP acquired a new position in shares of Carter's, Inc. (NYSE:CRI - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,543 shares of the textile maker's stock, valued at approximately $680,000.

Several other large investors have also recently added to or reduced their stakes in CRI. Pacer Advisors Inc. boosted its stake in Carter's by 155.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock valued at $154,500,000 after purchasing an additional 1,732,857 shares during the period. AQR Capital Management LLC increased its position in Carter's by 124.4% in the 4th quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker's stock valued at $93,134,000 after acquiring an additional 964,494 shares during the period. First Trust Advisors LP raised its stake in 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 acquiring an additional 479,961 shares in the last quarter. Vanguard Group Inc. boosted its position in Carter's by 10.4% during the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock worth $211,100,000 after acquiring an additional 366,293 shares during the period. Finally, RWWM Inc. grew its stake in shares of Carter's by 61.5% in the fourth quarter. RWWM Inc. now owns 892,875 shares of the textile maker's stock worth $48,385,000 after purchasing an additional 339,879 shares in the last quarter.

Carter's Trading Down 0.0 %

CRI stock traded down $0.00 during mid-day trading on Wednesday, reaching $32.78. 1,448,504 shares of the stock traded hands, compared to its average volume of 1,247,456. The stock's fifty day moving average is $38.28 and its 200-day moving average is $48.50. The company has a market cap of $1.19 billion, a P/E ratio of 5.20, a P/E/G ratio of 3.37 and a beta of 1.05. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter's, Inc. has a 52-week low of $32.04 and a 52-week high of $72.11.

Carter's (NYSE:CRI - Get Free Report) last announced its earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (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 company had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. During the same period in the previous year, the business earned $0.98 EPS. The company's revenue was down 4.8% on a year-over-year basis. As a group, sell-side analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a $0.80 dividend. The ex-dividend date was Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 9.76%. Carter's's dividend payout ratio is presently 70.80%.

Analyst Ratings Changes

CRI has been the subject of several research analyst reports. Citigroup reduced their price objective on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Barclays started coverage on shares of Carter's in a report on Monday, April 28th. They issued an "underweight" rating and a $25.00 price objective for the company. UBS Group cut their target price on Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Wells Fargo & Company cut Carter's from an "equal weight" rating to an "underweight" rating and lowered their price target for the company from $40.00 to $25.00 in a research report on Wednesday, April 30th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $36.20.

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.