Northern Trust Corp Purchases 49,577 Shares of Carter's, Inc. (NYSE:CRI)

Northern Trust Corp grew its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 443,502 shares of the textile maker's stock after purchasing an additional 49,577 shares during the period. Northern Trust Corp owned approximately 1.23% of Carter's worth $24,033,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp grew its position in Carter's by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after acquiring an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Carter's by 2,112.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock worth $29,000 after acquiring an additional 507 shares during the last quarter. Venturi Wealth Management LLC grew its position in Carter's by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock worth $54,000 after acquiring an additional 268 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Carter's in the 4th quarter valued at $54,000. Finally, AlphaQuest LLC boosted its position in Carter's by 16,314.3% in the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock valued at $62,000 after buying an additional 1,142 shares during the last quarter.

Carter's Trading Up 2.2%

Shares of NYSE:CRI traded up $0.79 during midday trading on Friday, hitting $37.08. The company had a trading volume of 1,357,234 shares, compared to its average volume of 1,276,089. Carter's, Inc. has a 12 month low of $32.04 and a 12 month 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 stock has a market cap of $1.35 billion, a price-to-earnings ratio of 5.88, a PEG ratio of 3.37 and a beta of 1.05. The firm has a fifty day simple moving average of $37.26 and a 200 day simple moving average of $47.00.

Carter's (NYSE:CRI - Get Free Report) last posted its quarterly 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 business had revenue of $291.09 million for the quarter, compared to analyst estimates of $624.86 million. During the same period last year, the company earned $0.98 EPS. The firm's revenue was down 4.8% on a year-over-year basis. On average, analysts predict 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 issued a dividend of $0.80 per share. The ex-dividend date was Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 8.63%. Carter's's dividend payout ratio is presently 70.80%.

Analyst Ratings Changes

CRI has been the topic of a number of recent research reports. UBS Group decreased their price objective 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. Wells Fargo & Company increased their price objective on Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a research report on Wednesday. Barclays initiated coverage on Carter's in a research report on Monday, April 28th. They issued an "underweight" rating and a $25.00 price objective on the stock. Finally, Citigroup decreased their price objective 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. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $36.80.

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.