Franklin Resources Inc. Purchases 16,483 Shares of Carter's, Inc. (NYSE:CRI)

Franklin Resources Inc. grew its position in Carter's, Inc. (NYSE:CRI - Free Report) by 42.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,100 shares of the textile maker's stock after buying an additional 16,483 shares during the period. Franklin Resources Inc. owned approximately 0.15% of Carter's worth $2,986,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CRI. Raymond James Financial Inc. bought a new stake in Carter's during the 4th quarter worth approximately $1,609,000. Charles Schwab Investment Management Inc. increased 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 acquiring an additional 74,133 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Carter's by 109.0% during the fourth quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker's stock worth $9,473,000 after acquiring an additional 91,162 shares during the period. Ruffer LLP bought a new stake in Carter's in the 4th quarter valued at $635,000. Finally, William Blair Investment Management LLC boosted its stake in Carter's by 1.9% in the 4th quarter. William Blair Investment Management LLC now owns 530,582 shares of the textile maker's stock worth $28,752,000 after purchasing an additional 9,675 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have commented on CRI. Citigroup cut their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company decreased 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, UBS Group reduced their price objective on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th.

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Carter's Stock Down 2.3 %

Shares of NYSE:CRI traded down $0.84 during midday trading on Tuesday, hitting $35.88. The stock had a trading volume of 1,388,574 shares, compared to its average volume of 1,198,128. The company has a market cap of $1.29 billion, a P/E ratio of 5.70, a PEG ratio of 3.37 and a beta of 1.09. Carter's, Inc. has a 12 month low of $32.12 and a 12 month high of $74.40. The business's 50-day simple moving average is $42.84 and its 200-day simple moving average is $51.53. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

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 for the quarter, topping 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 firm had revenue of $859.70 million for the quarter, compared to the consensus estimate of $835.82 million. During the same quarter in the previous year, the business earned $2.76 earnings per share. The business's revenue was up .2% compared to the same quarter last year. On average, sell-side analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were issued a $0.80 dividend. The ex-dividend date was Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 8.92%. Carter's's dividend payout ratio is currently 62.62%.

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.