KLP Kapitalforvaltning AS Takes $677,000 Position in Carter's, Inc. (NYSE:CRI)

KLP Kapitalforvaltning AS purchased a new position in shares of Carter's, Inc. (NYSE:CRI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,500 shares of the textile maker's stock, valued at approximately $677,000.

A number of other institutional investors have also added to or reduced their stakes in CRI. Jones Financial Companies Lllp grew its stake in Carter's by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after purchasing an additional 270 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Carter's by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock valued at $29,000 after buying an additional 507 shares during the period. Venturi Wealth Management LLC lifted its position in shares of Carter's by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after buying an additional 268 shares during the last quarter. AlphaQuest LLC grew its stake in Carter's by 16,314.3% in the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock valued at $62,000 after buying an additional 1,142 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Carter's by 258.0% during the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker's stock worth $79,000 after purchasing an additional 1,045 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Citigroup reduced their price objective on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. UBS Group dropped 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, Wells Fargo & Company decreased 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. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $49.00.

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Carter's Price Performance

Shares of NYSE CRI traded down $6.60 during trading hours on Thursday, reaching $35.53. 4,115,792 shares of the stock traded hands, compared to its average volume of 1,162,770. The company's 50-day simple moving average is $46.16 and its two-hundred day simple moving average is $53.73. The company has a market capitalization of $1.28 billion, a P/E ratio of 5.64, a price-to-earnings-growth ratio of 3.37 and a beta of 1.09. Carter's, Inc. has a 52-week low of $35.17 and a 52-week high of $81.00. 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 posted 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. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The firm had revenue of $859.70 million for the quarter, compared to the consensus estimate of $835.82 million. During the same period last year, the firm posted $2.76 earnings per share. The business's revenue was up .2% compared to the same quarter last year. Equities research analysts forecast that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 9.01%. Carter's's payout ratio is 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.