Carter’s, Inc. (NYSE:CRI) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its stake in Carter’s, Inc. (NYSE:CRI) by 127.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,402 shares of the textile maker’s stock after buying an additional 1,344 shares during the period. PNC Financial Services Group Inc.’s holdings in Carter’s were worth $130,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in shares of Carter’s by 155.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock valued at $154,500,000 after acquiring an additional 1,732,857 shares during the period. Wellington Management Group LLP raised its position in Carter’s by 4.0% in the third quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker’s stock valued at $100,422,000 after purchasing an additional 60,089 shares during the period. Charles Schwab Investment Management Inc. raised its position in Carter’s by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker’s stock valued at $67,518,000 after purchasing an additional 74,133 shares during the period. 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 in the last quarter. Finally, Verition Fund Management LLC boosted its position in shares of Carter’s by 70.4% during the third quarter. Verition Fund Management LLC now owns 300,661 shares of the textile maker’s stock worth $19,537,000 after buying an additional 124,191 shares during the period.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CRI shares. UBS Group cut their price objective on 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 target on shares of 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, Citigroup lowered their price objective on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, Carter’s presently has an average rating of “Hold” and a consensus price target of $49.00.

Carter’s Trading Up 4.4 %

CRI opened at $42.68 on Tuesday. The business has a fifty day moving average price of $48.30 and a 200 day moving average price of $55.13. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter’s, Inc. has a 12 month low of $38.84 and a 12 month high of $86.24. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 6.77, a PEG ratio of 3.37 and a beta of 1.24.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.52. The business had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $2.76 earnings per share. Sell-side analysts expect that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be issued a $0.80 dividend. 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 7.50%. Carter’s’s payout ratio is 62.62%.

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.