LSV Asset Management Has $62.08 Million Stock Position in Carter's, Inc. (NYSE:CRI)

LSV Asset Management cut its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,145,637 shares of the textile maker's stock after selling 61,000 shares during the quarter. LSV Asset Management owned 3.18% of Carter's worth $62,082,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CRI. FMR LLC raised its stake in Carter's by 99.9% during the 3rd quarter. FMR LLC now owns 4,681 shares of the textile maker's stock valued at $304,000 after acquiring an additional 2,339 shares in the last quarter. Captrust Financial Advisors acquired a new stake in Carter's in the third quarter worth about $231,000. Quantinno Capital Management LP bought a new position in Carter's in the 3rd quarter valued at about $772,000. XTX Topco Ltd raised its position in shares of Carter's by 280.1% during the 3rd quarter. XTX Topco Ltd now owns 12,548 shares of the textile maker's stock worth $815,000 after buying an additional 9,247 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Carter's by 2.3% in the third quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker's stock valued at $1,147,000 after acquiring an additional 396 shares in the last quarter.

Carter's Stock Down 2.3 %

Shares of CRI traded down $0.84 during mid-day trading on Tuesday, hitting $35.88. 1,388,574 shares of the company's stock were exchanged, compared to its average volume of 1,442,304. The firm has a fifty day moving average of $43.13 and a two-hundred day moving average of $51.64. 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, Inc. has a twelve month low of $32.12 and a twelve month high of $74.40. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 5.70, a P/E/G ratio of 3.37 and a beta of 1.09.

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Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping analysts' consensus estimates of $1.87 by $0.52. The company had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $2.76 EPS. On average, sell-side analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Announces Dividend

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

Analyst Upgrades and Downgrades

CRI has been the topic of several research reports. Citigroup dropped 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. Wells Fargo & Company decreased their price objective on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Finally, UBS Group reduced their target price on Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th.

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.