Legal & General Group Plc Grows Stock Position in Carter’s, Inc. (NYSE:CRI)

Legal & General Group Plc increased its holdings in Carter’s, Inc. (NYSE:CRI) by 63.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 103,169 shares of the textile maker’s stock after acquiring an additional 39,970 shares during the period. Legal & General Group Plc owned approximately 0.29% of Carter’s worth $5,591,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position 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 purchasing an additional 1,732,857 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Carter’s by 10.4% during the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock valued at $211,100,000 after acquiring an additional 366,293 shares during the last quarter. Allianz Asset Management GmbH raised its stake in shares of Carter’s by 40.5% in the 4th quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker’s stock valued at $32,040,000 after acquiring an additional 170,528 shares during the period. American Century Companies Inc. lifted its holdings in shares of Carter’s by 15.4% in the 4th quarter. American Century Companies Inc. now owns 1,067,176 shares of the textile maker’s stock worth $57,830,000 after acquiring an additional 142,514 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Carter’s by 165.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 209,868 shares of the textile maker’s stock worth $11,373,000 after purchasing an additional 130,930 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. UBS Group decreased their price target on 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 decreased their target price 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. 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 research report on Wednesday, February 26th.

Carter’s Stock Up 2.4 %

Shares of NYSE CRI opened at $36.29 on Monday. The stock has a market cap of $1.31 billion, a P/E ratio of 5.76, a PEG ratio of 3.37 and a beta of 1.09. The business’s fifty day simple moving average is $41.89 and its 200-day simple moving average is $50.83. Carter’s, Inc. has a 12-month low of $32.12 and a 12-month high of $74.40. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $835.82 million. During the same quarter last year, the company earned $2.76 EPS. Carter’s’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts predict that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date was Monday, March 10th. Carter’s’s dividend payout ratio is presently 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.