RWWM Inc. Grows Stock Position in Carter’s, Inc. $CRI

RWWM Inc. increased its stake in shares of Carter’s, Inc. (NYSE:CRI) by 44.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,900,170 shares of the textile maker’s stock after acquiring an additional 1,824,379 shares during the period. Carter’s comprises about 11.9% of RWWM Inc.’s portfolio, making the stock its 2nd largest position. RWWM Inc. owned about 0.16% of Carter’s worth $166,503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of CRI. Royal Bank of Canada grew its position in Carter’s by 50.2% in the first quarter. Royal Bank of Canada now owns 40,649 shares of the textile maker’s stock valued at $1,663,000 after purchasing an additional 13,594 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Carter’s by 5.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 120,964 shares of the textile maker’s stock worth $4,947,000 after purchasing an additional 6,195 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Carter’s by 74.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,460 shares of the textile maker’s stock worth $392,000 after acquiring an additional 5,322 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Carter’s by 8.6% in the second quarter. State of Alaska Department of Revenue now owns 21,695 shares of the textile maker’s stock valued at $653,000 after purchasing an additional 1,726 shares during the last quarter. Finally, Signaturefd LLC grew its stake in Carter’s by 269.0% in the 2nd quarter. Signaturefd LLC now owns 1,000 shares of the textile maker’s stock valued at $30,000 after buying an additional 729 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CRI shares. UBS Group lifted their target price on Carter’s from $26.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Barclays upped their target price on Carter’s from $23.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Carter’s in a research report on Friday, January 9th. Zacks Research raised Carter’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Citigroup raised shares of Carter’s from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $34.00 to $50.00 in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carter’s currently has a consensus rating of “Reduce” and a consensus target price of $32.60.

Carter’s Trading Up 3.0%

Shares of Carter’s stock opened at $34.62 on Friday. The stock has a 50 day moving average price of $33.42 and a two-hundred day moving average price of $30.65. Carter’s, Inc. has a 52 week low of $23.38 and a 52 week high of $54.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.95 and a current ratio of 2.26. The stock has a market capitalization of $1.26 billion, a PE ratio of 14.01 and a beta of 1.07.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, November 24th. This represents a $1.00 dividend on an annualized basis and a yield of 2.9%. Carter’s’s payout ratio is 40.49%.

About Carter’s

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.