US Bancorp DE Purchases 437 Shares of Carter’s, Inc. $CRI

US Bancorp DE boosted its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 45.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,408 shares of the textile maker’s stock after purchasing an additional 437 shares during the period. US Bancorp DE’s holdings in Carter’s were worth $58,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RWWM Inc. raised its holdings in shares of Carter’s by 145.3% during the 1st quarter. RWWM Inc. now owns 2,190,482 shares of the textile maker’s stock worth $89,591,000 after buying an additional 1,297,607 shares in the last quarter. First Trust Advisors LP grew its position in Carter’s by 33.3% in the fourth quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker’s stock valued at $104,042,000 after acquiring an additional 479,961 shares during the last quarter. AQR Capital Management LLC raised its stake in Carter’s by 124.4% during the fourth quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker’s stock worth $93,134,000 after acquiring an additional 964,494 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Carter’s by 13.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,489 shares of the textile maker’s stock worth $67,651,000 after acquiring an additional 149,058 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Carter’s by 108.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,126,468 shares of the textile maker’s stock worth $61,043,000 after acquiring an additional 584,850 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CRI shares. Barclays decreased their price target on shares of Carter’s from $25.00 to $22.00 and set an “underweight” rating on the stock in a report on Tuesday, July 29th. Wells Fargo & Company raised their target price on shares of Carter’s from $25.00 to $28.00 and gave the company an “underweight” rating in a research report on Wednesday, May 14th. Finally, UBS Group lowered their price target on shares of Carter’s from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, July 28th.

Carter’s Stock Performance

Carter’s stock opened at $25.72 on Tuesday. The business has a 50 day moving average of $29.36 and a 200-day moving average of $35.94. The company has a market capitalization of $937.09 million, a P/E ratio of 6.82 and a beta of 0.99. Carter’s, Inc. has a 1 year low of $23.38 and a 1 year high of $71.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.20 and a quick ratio of 1.03.

Carter’s (NYSE:CRI) last posted its earnings results on Friday, July 25th. The textile maker reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.26). The business had revenue of $585.31 million for the quarter, compared to the consensus estimate of $563.24 million. Carter’s had a return on equity of 20.68% and a net margin of 4.79%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 earnings per share. On average, equities research analysts predict that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, August 26th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.9%. Carter’s’s payout ratio is presently 26.53%.

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.