Carter's, Inc. (NYSE:CRI) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,245,943 shares of the textile maker's stock after purchasing an additional 74,133 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.46% of Carter's worth $67,518,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position 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 buying an additional 270 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Carter's during the third quarter worth about $28,000. Venturi Wealth Management LLC lifted its stake in Carter's by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker's stock worth $47,000 after purchasing an additional 500 shares during the period. Truvestments Capital LLC bought a new position in Carter's during the third quarter worth about $74,000. Finally, GAMMA Investing LLC increased its holdings in shares of Carter's by 258.0% during the fourth 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 in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRI. UBS Group lowered their price target on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company cut their price objective 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. Finally, Citigroup lowered their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $49.00.

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Carter's Stock Down 5.6 %

Carter's stock opened at $41.52 on Wednesday. The firm has a market capitalization of $1.50 billion, a PE ratio of 6.59, a P/E/G ratio of 3.37 and a beta of 1.24. The company's 50-day moving average is $50.47 and its 200-day moving average is $56.79. Carter's, Inc. has a fifty-two week low of $39.89 and a fifty-two week high of $88.03. 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 announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $0.52. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The business had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. During the same quarter in the prior year, the business earned $2.76 EPS. Carter's's quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts anticipate that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be paid a $0.80 dividend. The ex-dividend date is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a yield of 7.71%. Carter's's dividend payout ratio (DPR) is currently 62.62%.

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.

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