Fuller & Thaler Asset Management Inc. Has $56.05 Million Stock Position in Carter's, Inc. (NYSE:CRI)

Fuller & Thaler Asset Management Inc. cut its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,034,357 shares of the textile maker's stock after selling 111,693 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 2.87% of Carter's worth $56,052,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Carter's in the 4th quarter valued at $1,609,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Carter's by 6.3% in 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 buying an additional 74,133 shares during the period. Principal Financial Group Inc. increased its position in shares of Carter's by 109.0% in 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 in the last quarter. Ruffer LLP acquired a new stake in shares of Carter's during the fourth quarter valued at approximately $635,000. Finally, William Blair Investment Management LLC lifted its position in shares of 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 valued at $28,752,000 after acquiring an additional 9,675 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have weighed in on CRI shares. Citigroup lowered their price objective on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. UBS Group dropped their price target on Carter's from $57.00 to $49.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Barclays initiated coverage on Carter's in a research report on Monday. They set an "underweight" rating and a $25.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on Carter's from $65.00 to $48.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $44.20.

Carter's Stock Performance

Shares of CRI stock traded down $0.97 during trading on Monday, reaching $32.90. The company had a trading volume of 2,398,062 shares, compared to its average volume of 1,229,740. The firm's 50 day simple moving average is $40.30 and its two-hundred day simple moving average is $49.95. Carter's, Inc. has a one year low of $32.12 and a one year high of $72.11. 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 company has a market capitalization of $1.18 billion, a PE ratio of 5.22, a PEG ratio of 3.37 and a beta of 1.09.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.13. The company had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The firm's revenue was down 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share. Sell-side analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 dividend yield of 9.73%. The ex-dividend date of this dividend was Monday, March 10th. Carter's's dividend payout ratio is currently 70.80%.

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.