Prudential Financial Inc. Acquires 23,885 Shares of Carter's, Inc. (NYSE:CRI)

Prudential Financial Inc. boosted its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 199.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,888 shares of the textile maker's stock after buying an additional 23,885 shares during the quarter. Prudential Financial Inc. owned 0.10% of Carter's worth $1,896,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CRI. FMR LLC lifted its position in Carter's by 99.9% during the third quarter. FMR LLC now owns 4,681 shares of the textile maker's stock valued at $304,000 after purchasing an additional 2,339 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Carter's by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 105,158 shares of the textile maker's stock valued at $6,833,000 after buying an additional 716 shares during the last quarter. Captrust Financial Advisors purchased a new stake in Carter's during the 3rd quarter valued at $231,000. Quantinno Capital Management LP bought a new position in shares of Carter's during the 3rd quarter valued at $772,000. Finally, Quadrature Capital Ltd boosted its stake in shares of Carter's by 5.8% in the 3rd quarter. Quadrature Capital Ltd now owns 7,619 shares of the textile maker's stock worth $495,000 after buying an additional 417 shares during the last quarter.

Carter's Stock Performance

Shares of CRI stock traded up $6.13 during trading hours on Wednesday, reaching $39.03. 3,578,401 shares of the company traded hands, compared to its average volume of 1,186,042. The firm has a 50-day moving average price of $43.99 and a 200 day moving average price of $52.37. The company has a market cap of $1.41 billion, a P/E ratio of 6.20, a P/E/G ratio of 3.37 and a beta of 1.09. 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, Inc. has a 12-month low of $30.97 and a 12-month high of $75.11.

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Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.52. The business 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 company's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.76 earnings per share. As a group, sell-side analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 8.20%. The ex-dividend date was Monday, March 10th. Carter's's dividend payout ratio (DPR) is presently 62.62%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CRI shares. UBS Group reduced their price objective on Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Citigroup lowered their price objective on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company cut their target price 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. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $49.00.

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.