Principal Financial Group Inc. Raises Position in Carter's, Inc. (NYSE:CRI)

Principal Financial Group Inc. lifted its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 109.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 174,814 shares of the textile maker's stock after purchasing an additional 91,162 shares during the quarter. Principal Financial Group Inc. owned 0.49% of Carter's worth $9,473,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Carter's in the 3rd quarter valued at about $28,000. Venturi Wealth Management LLC boosted its position in Carter's by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker's stock valued at $47,000 after acquiring an additional 500 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Carter's during the 3rd quarter worth about $74,000. GAMMA Investing LLC lifted its stake in shares of Carter's by 258.0% in the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker's stock valued at $79,000 after purchasing an additional 1,045 shares during the period. Finally, KBC Group NV increased its holdings in Carter's by 136.7% in the fourth quarter. KBC Group NV now owns 1,780 shares of the textile maker's stock worth $96,000 after purchasing an additional 1,028 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wells Fargo & Company reduced their target price on 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. Citigroup decreased their price objective on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, UBS Group cut their target price on Carter's from $57.00 to $49.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. One 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 target price of $49.00.

Remove Ads

Carter's Stock Down 0.8 %

Shares of CRI stock traded down $0.35 during trading hours on Tuesday, reaching $41.68. The company had a trading volume of 615,788 shares, compared to its average volume of 1,124,483. The business has a fifty day simple moving average of $52.04 and a 200-day simple moving average of $57.78. Carter's, Inc. has a 12 month low of $40.76 and a 12 month high of $88.03. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 6.62, 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 current ratio of 2.21 and a quick ratio of 0.96.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $0.52. The firm 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%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.76 EPS. On average, research 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 announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 7.68%. Carter's's dividend payout ratio is currently 62.62%.

Carter's 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.