2 weeks Ago By Defense World Staff
Vanguard Group Inc. grew its stake in Carter’s, Inc. (NYSE:CRI – Free Report) by 10.
4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,895,549 shares of the textile maker’s stock after purchasing an additional 366,293 shares during the quarter. Vanguard Group Inc.
owned approximately 10.81% of Carter’s worth $211,100,000 as of its most recent filing with the SEC. Other large investors have also modified their holdings of the company.
Pacer Advisors Inc. increased its holdings in Carter’s by 155.0% in the fourth quarter.
Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock valued at $154,500,000 after buying an additional 1,732,857 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Carter’s by 4.
0% in the 3rd quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker’s stock worth $100,422,000 after acquiring an additional 60,089 shares in the last quarter. Charles Schwab Investment Management Inc.
increased its holdings in shares of Carter’s by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc.
now owns 1,245,943 shares of the textile maker’s stock valued at $67,518,000 after acquiring an additional 74,133 shares during the last quarter. American Century Companies Inc. raised its position in shares of Carter’s by 15.
4% during the 4th quarter. American Century Companies Inc. now owns 1,067,176 shares of the textile maker’s stock valued at $57,830,000 after acquiring an additional 142,514 shares in the last quarter.
Finally, Allianz Asset Management GmbH lifted its stake in Carter’s by 40.5% during the fourth quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker’s stock worth $32,040,000 after purchasing an additional 170,528 shares during the last quarter.
Carter’s Stock PerformanceShares of CRI opened at $37.00 on Friday. The firm has a fifty day moving average of $45.
81 and a 200-day moving average of $53.38. The company has a market cap of $1.
33 billion, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 3.37 and a beta of 1.
09. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.
96 and a current ratio of 2.21. Carter’s, Inc.
has a 1 year low of $34.40 and a 1 year high of $78.23.
Carter’s (NYSE:CRI – Get Free Report) last posted its 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 net margin of 8.
11% and a return on equity of 27.15%. The firm had revenue of $859.
70 million during the quarter, compared to analyst estimates of $835.82 million. During the same period in the previous year, the business posted $2.
76 EPS. Carter’s’s revenue was up .2% on a year-over-year basis.
As a group, equities analysts anticipate that Carter’s, Inc. will post 5.15 earnings per share for the current year.
Carter’s Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were given a $0.80 dividend.
This represents a $3.20 annualized dividend and a yield of 8.65%.
The ex-dividend date was Monday, March 10th. Carter’s’s dividend payout ratio is currently 62.62%.
Analyst Upgrades and DowngradesSeveral analysts have weighed in on CRI shares. UBS Group lowered their target price on shares of Carter’s from $57.00 to $49.
00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company lowered their price objective on shares of 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 cut their target price on shares of Carter’s from $50.00 to $45.
00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.
com, Carter’s has an average rating of “Hold” and an average target price of $49.00.Check Out Our Latest Research Report on CRICarter’s Company Profile (Free Report)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.
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