Arrowstreet Capital Limited Partnership Grows Stock Position in Carter's, Inc. (NYSE:CRI)

Arrowstreet Capital Limited Partnership grew its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 165.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 209,868 shares of the textile maker's stock after purchasing an additional 130,930 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.58% of Carter's worth $11,373,000 as of its most recent filing with the Securities and Exchange Commission.

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

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Carter's Price Performance

Shares of NYSE:CRI traded down $2.19 during midday trading on Thursday, hitting $36.79. 239,555 shares of the stock were exchanged, compared to its average volume of 1,417,240. The stock has a market cap of $1.32 billion, a P/E ratio of 5.84, a PEG ratio of 3.37 and a beta of 1.09. 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 twelve month low of $32.12 and a twelve month high of $75.11. The company has a 50 day moving average price of $43.99 and a 200-day moving average price of $52.37.

Carter's (NYSE:CRI - Get Free Report) last announced its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.52. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The firm had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. During the same quarter in the previous year, the company posted $2.76 EPS. The firm's revenue for the quarter was up .2% on a year-over-year basis. On average, research analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date of this dividend was Monday, March 10th. Carter's's payout ratio is currently 62.62%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. UBS Group lowered their target price on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Finally, Citigroup lowered 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. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $49.00.

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.