Maryland State Retirement & Pension System Takes $768,000 Position in Carter's, Inc. (NYSE:CRI)

Maryland State Retirement & Pension System acquired a new stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 14,180 shares of the textile maker's stock, valued at approximately $768,000.

A number of other hedge funds also recently made changes to their positions in CRI. Charles Schwab Investment Management Inc. raised its holdings in 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 valued at $67,518,000 after acquiring an additional 74,133 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Carter's during the 3rd quarter valued at approximately $683,000. Principal Financial Group Inc. lifted its holdings in Carter's by 109.0% in the 4th quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker's stock worth $9,473,000 after purchasing an additional 91,162 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Carter's by 79.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker's stock worth $9,913,000 after buying an additional 67,460 shares in the last quarter. Finally, Ruffer LLP bought a new position in shares of Carter's during the 4th quarter valued at about $635,000.

Carter's Trading Down 1.9 %

Shares of NYSE CRI traded down $0.80 during trading hours on Friday, hitting $40.48. 1,076,616 shares of the company traded hands, compared to its average volume of 1,145,877. The company's 50 day moving average price is $47.58 and its 200 day moving average price is $54.76. Carter's, Inc. has a 12 month low of $38.84 and a 12 month high of $86.24. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

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Carter's (NYSE:CRI - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $859.70 million for the quarter, compared to analysts' expectations of $835.82 million. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The business's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.76 earnings per share. On average, equities research analysts anticipate that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 7.90%. The ex-dividend date is Monday, March 10th. Carter's's payout ratio is currently 62.62%.

Wall Street Analyst Weigh In

CRI has been the subject of several research analyst reports. Citigroup cut their price target on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. UBS Group cut their target price on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price target on shares of 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 research 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, Carter's has a consensus rating of "Hold" and a consensus target price of $49.00.

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.