William Blair Investment Management LLC Acquires 9,675 Shares of Carter’s, Inc. (NYSE:CRI)

William Blair Investment Management LLC grew its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 1.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 530,582 shares of the textile maker’s stock after buying an additional 9,675 shares during the period. William Blair Investment Management LLC’s holdings in Carter’s were worth $28,752,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in Carter’s by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after purchasing an additional 270 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Carter’s by 2,112.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock worth $29,000 after purchasing an additional 507 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in Carter’s by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after purchasing an additional 268 shares in the last quarter. AlphaQuest LLC boosted its stake in Carter’s by 16,314.3% in the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker’s stock worth $62,000 after purchasing an additional 1,142 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in Carter’s in the 3rd quarter worth about $74,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Citigroup dropped their price target 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 decreased their target price 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, UBS Group decreased their target price on Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $49.00.

Carter’s Price Performance

NYSE CRI opened at $40.91 on Wednesday. Carter’s, Inc. has a 52 week low of $38.84 and a 52 week high of $86.24. The firm has a market capitalization of $1.47 billion, a P/E ratio of 6.49, a PEG ratio of 3.37 and a beta of 1.24. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $49.15 and a 200-day moving average price of $55.85.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, beating the consensus estimate of $1.87 by $0.52. The firm had revenue of $859.70 million during the quarter, compared to analyst estimates of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.76 EPS. Equities research analysts anticipate that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.82%. Carter’s’s dividend payout ratio (DPR) is presently 62.62%.

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.