Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 121.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,173 shares of the textile maker's stock after purchasing an additional 64,792 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.33% of Carter's worth $6,404,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Carter's by 10.4% during the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock valued at $211,100,000 after purchasing an additional 366,293 shares during the last quarter. Pacer Advisors Inc. boosted 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 valued at $154,500,000 after purchasing an additional 1,732,857 shares during the period. Wellington Management Group LLP grew its stake in Carter's by 4.0% during 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 last quarter. Charles Schwab Investment Management Inc. increased its position in Carter's by 6.3% in the fourth 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 during the period. Finally, American Century Companies Inc. lifted its stake in Carter's by 15.4% in the fourth 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.
Carter's Stock Performance
Shares of CRI traded up $1.43 during trading hours on Friday, reaching $37.00. 2,399,494 shares of the company's stock traded hands, compared to its average volume of 1,168,233. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 5.87, a P/E/G ratio of 3.37 and a beta of 1.09. The business's fifty day simple moving average is $45.81 and its two-hundred day simple moving average is $53.50. Carter's, Inc. has a twelve month low of $34.25 and a twelve month high of $78.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.
Carter's (NYSE:CRI - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $2.76 EPS. Analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current year.
Carter's Dividend Announcement
The company also recently declared 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. This represents a $3.20 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date was Monday, March 10th. Carter's's payout ratio is currently 62.62%.
Analyst Ratings Changes
CRI has been the subject of several recent research reports. Wells Fargo & Company lowered their price target on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. UBS Group decreased their target price on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup cut 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. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $49.00.
Get Our Latest Analysis on CRI
Carter's Profile
(
Free Report)
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.
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