LSV Asset Management Raises Holdings in Carter's, Inc. (NYSE:CRI)

LSV Asset Management raised its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,229,812 shares of the textile maker's stock after purchasing an additional 39,976 shares during the period. LSV Asset Management owned 3.34% of Carter's worth $92,101,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Amalgamated Bank lifted its position in Carter's by 7.9% during the fourth quarter. Amalgamated Bank now owns 25,001 shares of the textile maker's stock worth $1,872,000 after acquiring an additional 1,838 shares during the last quarter. Natixis Advisors L.P. increased its position in Carter's by 8.5% during the 4th quarter. Natixis Advisors L.P. now owns 36,791 shares of the textile maker's stock worth $2,755,000 after buying an additional 2,881 shares during the period. Alexander Randolph Advisory Inc. acquired a new stake in shares of Carter's during the fourth quarter worth $2,544,000. State of New Jersey Common Pension Fund D boosted its position in shares of Carter's by 5.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 37,179 shares of the textile maker's stock valued at $2,784,000 after acquiring an additional 2,025 shares during the period. Finally, Stevens Capital Management LP acquired a new position in shares of Carter's in the fourth quarter valued at about $204,000.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Monness Crespi & Hardt cut shares of Carter's from a "buy" rating to a "neutral" rating in a research note on Monday, February 26th. Wedbush raised their price objective on Carter's from $67.00 to $78.00 and gave the stock a "neutral" rating in a research note on Friday, February 23rd. Evercore ISI upped their target price on Carter's from $70.00 to $80.00 and gave the company an "in-line" rating in a research report on Wednesday, February 28th. Wells Fargo & Company decreased their price target on Carter's from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 24th. Finally, UBS Group upped their price objective on shares of Carter's from $76.00 to $79.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $73.80.

Carter's Price Performance

Shares of CRI stock traded up $0.66 on Friday, hitting $70.15. 868,002 shares of the company's stock were exchanged, compared to its average volume of 884,757. Carter's, Inc. has a 12 month low of $60.65 and a 12 month high of $88.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.43 and a quick ratio of 1.30. The company has a 50 day moving average of $78.48 and a 200 day moving average of $74.93. The stock has a market cap of $2.56 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 3.47 and a beta of 1.32.

Carter's (NYSE:CRI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The textile maker reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.52 by $0.24. Carter's had a net margin of 8.06% and a return on equity of 28.55%. The company had revenue of $858.00 million for the quarter, compared to the consensus estimate of $867.81 million. During the same period last year, the company posted $2.29 EPS. The firm's quarterly revenue was down 5.9% compared to the same quarter last year. On average, equities research analysts predict that Carter's, Inc. will post 6.25 EPS for the current year.

Carter's Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $3.20 dividend on an annualized basis and a yield of 4.56%. This is a positive change from Carter's's previous quarterly dividend of $0.75. Carter's's payout ratio is currently 50.47%.

Insiders Place Their Bets

In other news, Director Mark Hipp sold 1,875 shares of Carter's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $81.74, for a total transaction of $153,262.50. Following the sale, the director now directly owns 10,216 shares of the company's stock, valued at $835,055.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.30% of the company's stock.

Carter's Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.