Mirae Asset Global Investments Co. Ltd. Buys 3,243 Shares of Carter’s, Inc. (NYSE:CRI)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 12.2% during the first quarter, Holdings Channel.com reports. The firm owned 29,790 shares of the textile maker’s stock after acquiring an additional 3,243 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Carter’s were worth $1,205,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Illinois Municipal Retirement Fund bought a new stake in Carter’s during the first quarter valued at $733,000. Robeco Institutional Asset Management B.V. boosted its position in Carter’s by 8.9% during the first quarter. Robeco Institutional Asset Management B.V. now owns 126,606 shares of the textile maker’s stock valued at $5,178,000 after acquiring an additional 10,328 shares during the last quarter. Security National Bank bought a new stake in Carter’s during the first quarter valued at $69,000. Lecap Asset Management Ltd. bought a new stake in Carter’s during the first quarter valued at $488,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Carter’s during the first quarter valued at $278,000.

Carter’s Price Performance

CRI stock opened at $31.49 on Friday. The stock has a market capitalization of $1.15 billion, a PE ratio of 6.97 and a beta of 0.98. The company’s 50-day moving average is $32.50 and its 200-day moving average is $41.68. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.56 and a quick ratio of 1.40. Carter’s, Inc. has a 1 year low of $29.36 and a 1 year high of $71.99.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.13. The company had revenue of $291.09 million for the quarter, compared to analysts’ expectations of $624.86 million. Carter’s had a net margin of 5.80% and a return on equity of 23.50%. The business’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.98 EPS. Equities research analysts expect that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd were given a dividend of $0.25 per share. This represents a dividend yield of 3.19%. The ex-dividend date of this dividend was Monday, June 2nd. This is a boost from Carter’s’s previous dividend of $0.22. Carter’s’s dividend payout ratio is 22.12%.

Analyst Ratings Changes

A number of brokerages have commented on CRI. UBS Group cut their price target on shares of Carter’s from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company upped their price target on shares of Carter’s from $25.00 to $28.00 and gave the company an “underweight” rating in a research report on Wednesday, May 14th. Finally, Barclays began coverage on shares of Carter’s in a research report on Monday, April 28th. They set an “underweight” rating and a $25.00 price target on the stock. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $36.80.

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.