William Blair Investment Management LLC Purchases 9,675 Shares of Carter's, Inc. (NYSE:CRI)

William Blair Investment Management LLC boosted its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 530,582 shares of the textile maker's stock after acquiring an additional 9,675 shares during the quarter. William Blair Investment Management LLC owned 1.47% of Carter's worth $28,752,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Atria Investments Inc increased its stake in shares of Carter's by 78.8% in the third quarter. Atria Investments Inc now owns 6,161 shares of the textile maker's stock valued at $400,000 after buying an additional 2,715 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Carter's by 1.3% in the third quarter. State of New Jersey Common Pension Fund D now owns 29,080 shares of the textile maker's stock valued at $1,890,000 after buying an additional 383 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Carter's by 0.9% in the third quarter. Victory Capital Management Inc. now owns 158,068 shares of the textile maker's stock valued at $10,271,000 after buying an additional 1,371 shares in the last quarter. Pathstone Holdings LLC increased its stake in shares of Carter's by 6.3% in the third quarter. Pathstone Holdings LLC now owns 24,748 shares of the textile maker's stock valued at $1,608,000 after buying an additional 1,474 shares in the last quarter. Finally, Caprock Group LLC increased its stake in shares of Carter's by 42.2% in the third quarter. Caprock Group LLC now owns 8,222 shares of the textile maker's stock valued at $534,000 after buying an additional 2,442 shares in the last quarter.

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Analysts Set New Price Targets

A number of analysts have recently weighed in on CRI shares. Citigroup lowered their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company lowered their price objective on 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. Finally, UBS Group reduced 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 issued a hold rating to the company. According to MarketBeat.com, Carter's has an average rating of "Hold" and a consensus price target of $49.00.

Carter's Stock Down 0.1 %

Shares of NYSE:CRI traded down $0.04 during trading on Friday, hitting $40.81. 7,530,286 shares of the company's stock traded hands, compared to its average volume of 1,103,719. Carter's, Inc. has a 52 week low of $38.84 and a 52 week high of $86.24. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. The company has a 50-day moving average price of $48.50 and a 200-day moving average price of $55.47.

Carter's (NYSE:CRI - Get Free Report) last released its quarterly earnings data 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. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The business had revenue of $859.70 million for the quarter, compared to analysts' expectations of $835.82 million. During the same quarter in the previous year, the business posted $2.76 EPS. Carter's's revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts forecast that Carter's, Inc. will post 5.15 EPS 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 paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 7.84%. The ex-dividend date of this dividend is Monday, March 10th. Carter's's payout ratio is 62.62%.

Carter's Company 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.