Carter's, Inc. (NYSE:CRI) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in Carter's, Inc. (NYSE:CRI - Free Report) by 228.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,856 shares of the textile maker's stock after acquiring an additional 19,367 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Carter's worth $1,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Carter's by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock valued at $67,518,000 after purchasing an additional 74,133 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Carter's by 109.0% in the fourth quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker's stock valued at $9,473,000 after buying an additional 91,162 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake 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. Ruffer LLP acquired a new position in Carter's during the fourth quarter worth about $635,000. Finally, Raymond James Financial Inc. purchased a new stake in Carter's during the 4th quarter valued at about $1,609,000.

Wall Street Analyst Weigh In

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

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Carter's Trading Down 15.7 %

Shares of NYSE CRI traded down $6.60 during midday trading on Thursday, reaching $35.53. 4,115,792 shares of the stock were exchanged, compared to its average volume of 1,162,770. The stock has a market capitalization of $1.28 billion, a P/E ratio of 5.64, a PEG ratio of 3.37 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The company has a 50 day simple moving average of $46.16 and a 200 day simple moving average of $53.73. Carter's, Inc. has a twelve month low of $35.16 and a twelve month high of $81.00.

Carter's (NYSE:CRI - Get Free Report) last posted its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.52. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The company had revenue of $859.70 million during the quarter, compared to analysts' expectations of $835.82 million. During the same quarter last year, the firm earned $2.76 earnings per share. The firm's quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 9.01%. The ex-dividend date of this dividend was Monday, March 10th. Carter's's dividend payout ratio (DPR) is presently 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.