RWWM Inc. Has $166.50 Million Stock Holdings in Carter’s, Inc. $CRI

RWWM Inc. grew its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 44.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,900,170 shares of the textile maker’s stock after buying an additional 1,824,379 shares during the period. Carter’s accounts for about 11.9% of RWWM Inc.’s investment portfolio, making the stock its 2nd biggest holding. RWWM Inc. owned 16.19% of Carter’s worth $166,503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Signaturefd LLC boosted its stake in Carter’s by 269.0% during the 2nd quarter. Signaturefd LLC now owns 1,000 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 729 shares in the last quarter. Versant Capital Management Inc raised its holdings in Carter’s by 135.4% during the 3rd quarter. Versant Capital Management Inc now owns 1,415 shares of the textile maker’s stock worth $40,000 after buying an additional 814 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Carter’s by 202.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 995 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Carter’s during the 2nd quarter valued at $110,000. Finally, Covestor Ltd raised its position in Carter’s by 43.1% during the third quarter. Covestor Ltd now owns 4,216 shares of the textile maker’s stock valued at $119,000 after buying an additional 1,269 shares during the period.

Carter’s Price Performance

Carter’s stock opened at $34.62 on Friday. Carter’s, Inc. has a 12-month low of $23.38 and a 12-month high of $54.85. The business’s 50-day simple moving average is $33.42 and its 200 day simple moving average is $30.65. The company has a quick ratio of 0.95, a current ratio of 2.26 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 14.01 and a beta of 1.07.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 24th. This represents a $1.00 dividend on an annualized basis and a yield of 2.9%. Carter’s’s dividend payout ratio (DPR) is 40.49%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CRI. Weiss Ratings reiterated a “sell (d+)” rating on shares of Carter’s in a research report on Friday, January 9th. Citigroup raised Carter’s from a “neutral” rating to a “buy” rating and raised their price target for the company from $34.00 to $50.00 in a research report on Wednesday, January 21st. Wells Fargo & Company raised their price objective on shares of Carter’s from $22.00 to $25.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 28th. UBS Group upped their price target on Carter’s from $26.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $32.60.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.