Bridgewater Associates LP Boosts Position in Carter's, Inc. (NYSE:CRI)

Bridgewater Associates LP raised its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 47.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,377 shares of the textile maker's stock after acquiring an additional 12,948 shares during the quarter. Bridgewater Associates LP owned approximately 0.11% of Carter's worth $2,188,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of CRI. Raymond James Financial Inc. purchased a new stake in shares of Carter's during the fourth quarter worth about $1,609,000. Charles Schwab Investment Management Inc. grew its position in shares of Carter's by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock worth $67,518,000 after purchasing an additional 74,133 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Carter's by 109.0% during the 4th quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker's stock valued at $9,473,000 after buying an additional 91,162 shares in the last quarter. Ruffer LLP purchased a new position in Carter's during the 4th quarter valued at approximately $635,000. Finally, William Blair Investment Management LLC grew its holdings in Carter's by 1.9% during the 4th quarter. William Blair Investment Management LLC now owns 530,582 shares of the textile maker's stock valued at $28,752,000 after buying an additional 9,675 shares in the last quarter.

Carter's Trading Up 2.4 %

CRI traded up $0.89 during trading on Thursday, hitting $38.16. 529,635 shares of the stock were exchanged, compared to its average volume of 1,212,984. The firm has a 50 day simple moving average of $40.96 and a 200 day simple moving average of $50.44. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 6.05, a P/E/G ratio of 3.37 and a beta of 1.09. Carter's, Inc. has a 1 year low of $32.12 and a 1 year high of $73.90. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $0.52. The business had revenue of $859.70 million for the quarter, compared to the consensus estimate of $835.82 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The business's revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $2.76 EPS. As a group, equities analysts expect that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 8.39%. The ex-dividend date was Monday, March 10th. Carter's's dividend payout ratio is presently 62.62%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CRI shares. Wells Fargo & Company decreased their price target on Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Citigroup decreased their price target on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Finally, UBS Group decreased their price target on Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th.

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.