Carter’s, Inc. (NYSE:CRI) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its stake in Carter’s, Inc. (NYSE:CRI) by 15.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,067,176 shares of the textile maker’s stock after purchasing an additional 142,514 shares during the quarter. American Century Companies Inc.’s holdings in Carter’s were worth $57,830,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its holdings in shares of Carter’s by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after purchasing an additional 270 shares during the period. EverSource Wealth Advisors LLC grew its stake in Carter’s by 2,112.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock worth $29,000 after buying an additional 507 shares during the period. Venturi Wealth Management LLC increased its position in shares of Carter’s by 36.9% in the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after acquiring an additional 268 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Carter’s by 16,314.3% in the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker’s stock valued at $62,000 after acquiring an additional 1,142 shares during the period. Finally, Truvestments Capital LLC acquired a new position in shares of Carter’s during the 3rd quarter valued at $74,000.

Carter’s Trading Up 0.2 %

Carter’s stock opened at $41.81 on Thursday. Carter’s, Inc. has a 1 year low of $38.84 and a 1 year high of $86.24. The firm’s 50-day moving average is $47.83 and its 200-day moving average is $54.86. 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 market cap of $1.51 billion, a P/E ratio of 6.64, a PEG ratio of 3.37 and a beta of 1.24.

Carter’s (NYSE:CRI) last issued its earnings results 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 analysts’ expectations of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. Carter’s’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $2.76 earnings per share. On average, equities analysts expect that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be paid a dividend of $0.80 per share. The ex-dividend date is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a yield of 7.65%. Carter’s’s payout ratio is currently 62.62%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CRI shares. Citigroup decreased their price target on Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. UBS Group reduced their price target on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company cut their price objective on Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to MarketBeat, Carter’s presently has a consensus rating of “Hold” and an average target price 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.