Landscape Capital Management L.L.C. Acquires 13,789 Shares of Carter's, Inc. (NYSE:CRI)

Landscape Capital Management L.L.C. increased its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 20.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,362 shares of the textile maker's stock after purchasing an additional 13,789 shares during the quarter. Landscape Capital Management L.L.C. owned 0.23% of Carter's worth $4,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CRI. Pacer Advisors Inc. grew its position in Carter's by 155.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock worth $154,500,000 after acquiring an additional 1,732,857 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Carter's by 10.4% in the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock worth $211,100,000 after purchasing an additional 366,293 shares during the last quarter. Allianz Asset Management GmbH increased its stake in shares of Carter's by 40.5% in the fourth quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker's stock worth $32,040,000 after buying an additional 170,528 shares during the period. American Century Companies Inc. raised its holdings in Carter's by 15.4% during the 4th quarter. American Century Companies Inc. now owns 1,067,176 shares of the textile maker's stock valued at $57,830,000 after buying an additional 142,514 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Carter's by 165.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 209,868 shares of the textile maker's stock valued at $11,373,000 after buying an additional 130,930 shares during the period.

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Carter's Stock Up 0.1 %

Shares of CRI stock traded up $0.05 during mid-day trading on Wednesday, reaching $32.95. 679,735 shares of the company's stock traded hands, compared to its average volume of 1,172,516. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The company's 50-day moving average price is $44.61 and its 200-day moving average price is $52.65. The company has a market cap of $1.19 billion, a P/E ratio of 5.23, a P/E/G ratio of 3.37 and a beta of 1.09. Carter's, Inc. has a 12 month low of $30.97 and a 12 month high of $77.32.

Carter's (NYSE:CRI - Get Free Report) last announced its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share 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 during the quarter, compared to the consensus estimate of $835.82 million. During the same quarter last year, the firm earned $2.76 earnings per share. The business's revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a yield of 9.71%. Carter's's dividend payout ratio is currently 62.62%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CRI. Wells Fargo & Company decreased 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. Citigroup reduced their price target on Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Finally, 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 report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $49.00.

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.