Bridgewater Associates LP Has $2.19 Million Position in Carter’s, Inc. (NYSE:CRI)

Bridgewater Associates LP increased its position in shares of Carter’s, Inc. (NYSE:CRI) by 47.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,377 shares of the textile maker’s stock after buying an additional 12,948 shares during the quarter. Bridgewater Associates LP’s holdings in Carter’s were worth $2,188,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRI. Vanguard Group Inc. grew its holdings in shares of Carter’s by 10.4% during the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock worth $211,100,000 after purchasing an additional 366,293 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Carter’s by 155.0% during the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock worth $154,500,000 after buying an additional 1,732,857 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in 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 buying an additional 74,133 shares during the period. American Century Companies Inc. raised its stake 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 valued at $57,830,000 after buying an additional 142,514 shares in the last quarter. Finally, RWWM Inc. raised its stake in shares of Carter’s by 61.5% in the 4th quarter. RWWM Inc. now owns 892,875 shares of the textile maker’s stock valued at $48,385,000 after buying an additional 339,879 shares in the last quarter.

Carter’s Trading Up 2.4 %

Shares of CRI stock opened at $36.29 on Friday. The company has a market capitalization of $1.31 billion, a P/E ratio of 5.76, a P/E/G ratio of 3.37 and a beta of 1.09. The firm has a 50-day moving average price of $41.89 and a 200 day moving average price of $51.02. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter’s, Inc. has a 12-month low of $32.12 and a 12-month high of $74.40.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping 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 business had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. During the same period in the prior year, the company earned $2.76 EPS. Carter’s’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 8.82%. The ex-dividend date was Monday, March 10th. Carter’s’s payout ratio is presently 62.62%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company lowered their price objective 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, UBS Group dropped their target price on Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th.

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.