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

American Century Companies Inc. lifted its position in shares of Carter’s, Inc. (NYSE:CRI) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,067,176 shares of the textile maker’s stock after acquiring an additional 142,514 shares during the quarter. American Century Companies Inc. owned 2.96% of Carter’s worth $57,830,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Pathstone Holdings LLC boosted its position in Carter’s by 6.3% during the third quarter. Pathstone Holdings LLC now owns 24,748 shares of the textile maker’s stock worth $1,608,000 after purchasing an additional 1,474 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Carter’s by 3.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock worth $76,144,000 after buying an additional 42,589 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Carter’s by 50.7% during the 3rd quarter. Cerity Partners LLC now owns 17,941 shares of the textile maker’s stock worth $1,166,000 after buying an additional 6,038 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Carter’s in the 3rd quarter worth about $683,000. Finally, Truvestments Capital LLC acquired a new stake in Carter’s in the 3rd quarter valued at about $74,000.

Carter’s Stock Performance

Shares of NYSE CRI opened at $41.81 on Thursday. The company has a 50-day simple moving average of $47.83 and a 200-day simple moving average of $54.86. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The company has a market cap of $1.51 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. Carter’s, Inc. has a 12 month low of $38.84 and a 12 month high of $86.24.

Carter’s (NYSE:CRI) last released its earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping the consensus estimate of $1.87 by $0.52. The firm had revenue of $859.70 million during 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 for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $2.76 EPS. On average, equities analysts anticipate that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. 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 report on Wednesday, February 26th. Wells Fargo & Company cut their price objective on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup lowered their target price on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.00.

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.