Canada Pension Plan Investment Board Purchases 36,100 Shares of Carter's, Inc. (NYSE:CRI)

Canada Pension Plan Investment Board lifted its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 187.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 55,400 shares of the textile maker's stock after buying an additional 36,100 shares during the period. Canada Pension Plan Investment Board owned 0.15% of Carter's worth $3,002,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Barclays PLC raised its position in shares of Carter's by 58.7% during the 3rd quarter. Barclays PLC now owns 20,077 shares of the textile maker's stock worth $1,304,000 after buying an additional 7,429 shares in the last quarter. Virtu Financial LLC acquired a new position in Carter's during the third quarter worth $692,000. Franklin Resources Inc. lifted its holdings in Carter's by 109.8% in the 3rd quarter. Franklin Resources Inc. now owns 38,617 shares of the textile maker's stock worth $2,468,000 after purchasing an additional 20,210 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Carter's by 258.0% during the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker's stock worth $79,000 after buying an additional 1,045 shares during the period. Finally, Pallas Capital Advisors LLC grew its position in shares of Carter's by 66.7% in the fourth quarter. Pallas Capital Advisors LLC now owns 5,182 shares of the textile maker's stock valued at $281,000 after purchasing an additional 2,074 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently issued reports on CRI. UBS Group dropped their price objective on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company dropped their target price on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup lowered their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th.

Carter's Stock Down 11.3 %

CRI stock traded down $4.32 during mid-day trading on Friday, reaching $33.91. The company had a trading volume of 3,174,640 shares, compared to its average volume of 1,227,035. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 5.38, a PEG ratio of 3.37 and a beta of 1.09. Carter's, Inc. has a 52 week low of $32.12 and a 52 week high of $72.77. The stock has a 50 day simple moving average of $40.30 and a two-hundred day simple moving average of $50.10. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

Carter's (NYSE:CRI - Get Free Report) last issued its earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $0.13. Carter's had a net margin of 8.11% and a return on equity of 27.15%. As a group, equities analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 9.44%. The ex-dividend date was Monday, March 10th. Carter's's dividend payout ratio (DPR) is currently 62.62%.

About Carter's

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.