Fox Run Management L.L.C. Takes $723,000 Position in Carter's, Inc. (NYSE:CRI)

Fox Run Management L.L.C. acquired a new position in Carter's, Inc. (NYSE:CRI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 13,337 shares of the textile maker's stock, valued at approximately $723,000.

Other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Carter's by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock worth $67,518,000 after buying an additional 74,133 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Carter's in the third quarter worth about $683,000. Principal Financial Group Inc. boosted its stake in Carter's by 109.0% in the fourth quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker's stock valued at $9,473,000 after acquiring an additional 91,162 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake in Carter's by 79.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker's stock valued at $9,913,000 after acquiring an additional 67,460 shares during the last quarter. Finally, Ruffer LLP bought a new position in shares of Carter's during the 4th quarter valued at approximately $635,000.

Carter's Stock Performance

Carter's stock traded down $0.80 during mid-day trading on Friday, reaching $40.48. The company's stock had a trading volume of 1,076,616 shares, compared to its average volume of 1,147,593. The firm's fifty day moving average price is $47.32 and its two-hundred day moving average price is $54.56. 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, Inc. has a 12-month low of $38.84 and a 12-month high of $86.24. The company has a market capitalization of $1.46 billion, a P/E ratio of 6.43, a PEG ratio of 3.37 and a beta of 1.24.

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Carter's (NYSE:CRI - Get Free Report) last released its quarterly earnings data 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. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The company had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. During the same period in the previous year, the company posted $2.76 EPS. The firm's revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts predict that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be paid a dividend of $0.80 per share. The ex-dividend date is 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%.

Wall Street Analysts Forecast Growth

CRI has been the topic of a number of research reports. 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 report on Wednesday, February 26th. Wells Fargo & Company lowered their target price on Carter's from $65.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group cut 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. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $49.00.

Carter's Company 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.