14,180 Shares in Carter's, Inc. (NYSE:CRI) Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System bought a new position in Carter's, Inc. (NYSE:CRI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 14,180 shares of the textile maker's stock, valued at approximately $768,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its stake in shares of Carter's by 155.0% during the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock valued at $154,500,000 after acquiring an additional 1,732,857 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Carter's by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker's stock worth $100,422,000 after buying an additional 60,089 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Carter's by 6.3% during the 4th 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 in the last quarter. Allianz Asset Management GmbH increased its stake in shares of Carter's by 40.5% during the fourth quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker's stock valued at $32,040,000 after buying an additional 170,528 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in shares of Carter's by 1.9% in the fourth 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.

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Wall Street Analyst Weigh In

A number of brokerages recently commented on CRI. UBS Group reduced their price objective on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Citigroup reduced their price target on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company dropped their price objective on 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. One investment 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.com, Carter's has an average rating of "Hold" and a consensus target price of $49.00.

Carter's Stock Down 2.0 %

CRI stock traded down $0.86 on Tuesday, hitting $41.75. 1,309,978 shares of the company's stock were exchanged, compared to its average volume of 1,105,880. The firm has a 50 day moving average price of $48.30 and a two-hundred day moving average price of $55.13. Carter's, Inc. has a 12-month low of $38.84 and a 12-month high of $86.24. The stock has a market cap of $1.50 billion, a P/E ratio of 6.63, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

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, beating the consensus estimate of $1.87 by $0.52. The firm had revenue of $859.70 million during the quarter, compared to analyst estimates of $835.82 million. Carter's had a net margin of 8.11% and a return on equity of 27.15%. Carter's's revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $2.76 EPS. As a group, equities research analysts expect that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be issued a $0.80 dividend. The ex-dividend date is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a yield of 7.66%. 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.