Carter's, Inc. (NYSE:CRI) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 12.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 443,502 shares of the textile maker's stock after acquiring an additional 49,577 shares during the period. Northern Trust Corp owned about 1.23% of Carter's worth $24,033,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CRI. Jones Financial Companies Lllp raised its stake in Carter's by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after purchasing an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Carter's by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock valued at $29,000 after buying an additional 507 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Carter's by 36.9% in the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock worth $54,000 after buying an additional 268 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Carter's during the fourth quarter worth about $54,000. Finally, AlphaQuest LLC grew its stake in Carter's by 16,314.3% during the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock valued at $62,000 after acquiring an additional 1,142 shares in the last quarter.

Carter's Trading Up 2.2%

CRI traded up $0.79 during trading hours on Friday, reaching $37.08. The company's stock had a trading volume of 1,357,234 shares, compared to its average volume of 1,271,260. Carter's, Inc. has a fifty-two week low of $32.04 and a fifty-two week high of $71.99. 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 cap of $1.35 billion, a PE ratio of 5.88, a P/E/G ratio of 3.37 and a beta of 1.05. The business's 50-day moving average is $37.35 and its 200-day moving average is $47.25.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping 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 firm had revenue of $291.09 million for the quarter, compared to analyst estimates of $624.86 million. During the same period in the prior year, the business posted $0.98 EPS. The business's revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, equities research analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date was Monday, March 10th. Carter's's dividend payout ratio (DPR) is currently 70.80%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group decreased their target price on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Barclays began coverage on Carter's in a research report on Monday, April 28th. They set an "underweight" rating and a $25.00 price objective on the stock. Citigroup dropped their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company lifted their price target on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat.com, Carter's currently has a consensus 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.