Legal & General Group Plc Grows Position in Carter's, Inc. (NYSE:CRI)

Legal & General Group Plc boosted its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 63.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,169 shares of the textile maker's stock after acquiring an additional 39,970 shares during the period. Legal & General Group Plc owned 0.29% of Carter's worth $5,591,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CRI. Pacer Advisors Inc. lifted its stake in shares of Carter's by 155.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock worth $154,500,000 after acquiring an additional 1,732,857 shares during the period. Vanguard Group Inc. raised its holdings in 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. Allianz Asset Management GmbH lifted its position in Carter's by 40.5% in the fourth quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker's stock valued at $32,040,000 after purchasing an additional 170,528 shares during the period. American Century Companies Inc. boosted its holdings in Carter's by 15.4% in the 4th quarter. American Century Companies Inc. now owns 1,067,176 shares of the textile maker's stock valued at $57,830,000 after purchasing an additional 142,514 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in Carter's by 165.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 209,868 shares of the textile maker's stock worth $11,373,000 after purchasing an additional 130,930 shares during the period.

Analysts Set New Price Targets

Several analysts have recently commented on the company. UBS Group reduced their price target on Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Citigroup decreased their target price 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, Wells Fargo & Company lowered their price target on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th.

Carter's Price Performance

Shares of CRI traded down $3.68 on Friday, reaching $34.55. The stock had a trading volume of 761,260 shares, compared to its average volume of 1,218,135. Carter's, Inc. has a twelve month low of $32.12 and a twelve month high of $72.77. The firm has a market capitalization of $1.24 billion, a PE ratio of 5.50, a PEG ratio of 3.37 and a beta of 1.09. The firm has a 50-day moving average of $40.66 and a 200 day moving average of $50.29. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

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, beating 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%. Sell-side analysts expect that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 9.26%. The ex-dividend date was Monday, March 10th. Carter's's payout ratio is currently 62.62%.

Carter's Company 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.