Mirae Asset Global Investments Co. Ltd. Grows Stock Holdings in Carter’s, Inc. (NYSE:CRI)

Mirae Asset Global Investments Co. Ltd. raised its stake in Carter’s, Inc. (NYSE:CRI) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,547 shares of the textile maker’s stock after buying an additional 3,640 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.07% of Carter’s worth $1,445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Yousif Capital Management LLC increased its stake in Carter’s by 4.2% in the 4th quarter. Yousif Capital Management LLC now owns 14,888 shares of the textile maker’s stock valued at $807,000 after purchasing an additional 601 shares in the last quarter. Caprock Group LLC grew its holdings in Carter’s by 105.1% in the fourth quarter. Caprock Group LLC now owns 16,867 shares of the textile maker’s stock valued at $914,000 after purchasing an additional 8,645 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Carter’s by 168.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 116,278 shares of the textile maker’s stock valued at $6,301,000 after buying an additional 72,962 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Carter’s by 155.0% during the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock worth $154,500,000 after buying an additional 1,732,857 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Carter’s by 136.7% in the 4th quarter. KBC Group NV now owns 1,780 shares of the textile maker’s stock worth $96,000 after buying an additional 1,028 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CRI. Citigroup upgraded shares of Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Tuesday, November 12th. Wells Fargo & Company cut their price objective on Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $67.67.

Carter’s Stock Performance

Shares of CRI opened at $52.17 on Tuesday. Carter’s, Inc. has a 1 year low of $49.65 and a 1 year high of $88.03. The company’s 50 day simple moving average is $54.01 and its 200 day simple moving average is $59.05. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 3.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.13%. The ex-dividend date of this dividend was Monday, November 25th. Carter’s’s dividend payout ratio is presently 50.79%.

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.