American Century Companies Inc. Boosts Stock Holdings in Carter's, Inc. (NYSE:CRI)

American Century Companies Inc. lifted its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 15.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,067,176 shares of the textile maker's stock after buying an additional 142,514 shares during the quarter. American Century Companies Inc. owned approximately 2.96% of Carter's worth $57,830,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CRI. Pathstone Holdings LLC lifted its holdings in shares of Carter's by 6.3% during the 3rd quarter. Pathstone Holdings LLC now owns 24,748 shares of the textile maker's stock valued at $1,608,000 after purchasing an additional 1,474 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Carter's by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker's stock valued at $76,144,000 after buying an additional 42,589 shares during the last quarter. Cerity Partners LLC boosted its holdings in Carter's by 50.7% in the third quarter. Cerity Partners LLC now owns 17,941 shares of the textile maker's stock worth $1,166,000 after acquiring an additional 6,038 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Carter's during the third quarter worth about $683,000. Finally, Truvestments Capital LLC acquired a new position in shares of Carter's during the third quarter valued at about $74,000.

Analysts Set New Price Targets

CRI has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price 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. UBS Group reduced their price objective 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. Finally, Citigroup decreased their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $49.00.

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Carter's Trading Down 1.9 %

Shares of CRI stock traded down $0.80 during trading on Friday, hitting $40.48. 1,076,616 shares of the stock traded hands, compared to its average volume of 1,147,593. The firm has a market capitalization of $1.46 billion, a P/E ratio of 6.43, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. Carter's, Inc. has a 52-week low of $38.84 and a 52-week high of $86.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The firm's fifty day moving average price is $47.32 and its 200-day moving average price is $54.56.

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

Carter's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a $0.80 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 7.90%. Carter's's dividend payout ratio 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.