Lazard Asset Management LLC raised its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 202.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 361,623 shares of the textile maker’s stock after purchasing an additional 242,155 shares during the quarter. Lazard Asset Management LLC’s holdings in Carter’s were worth $36,447,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc increased its position in Carter’s by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 3,875,314 shares of the textile maker’s stock valued at $382,106,000 after purchasing an additional 35,282 shares during the period. Rhumbline Advisers increased its position in Carter’s by 31.2% during the 4th quarter. Rhumbline Advisers now owns 136,208 shares of the textile maker’s stock valued at $11,117,000 after purchasing an additional 32,370 shares during the period. M&T Bank Corp increased its position in Carter’s by 8.7% during the 4th quarter. M&T Bank Corp now owns 7,219 shares of the textile maker’s stock valued at $589,000 after purchasing an additional 576 shares during the period. Victory Capital Management Inc. increased its position in Carter’s by 16.4% during the 4th quarter. Victory Capital Management Inc. now owns 2,544,797 shares of the textile maker’s stock valued at $207,706,000 after purchasing an additional 358,393 shares during the period. Finally, Comerica Bank increased its position in Carter’s by 0.8% during the 4th quarter. Comerica Bank now owns 31,532 shares of the textile maker’s stock valued at $2,646,000 after purchasing an additional 254 shares during the period. Institutional investors and hedge funds own 95.82% of the company’s stock.

In related news, SVP Jill Wilson sold 2,843 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $108.38, for a total transaction of $308,124.34. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard F. Westenberger sold 3,880 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $106.35, for a total transaction of $412,638.00. The disclosure for this sale can be found here. Insiders sold a total of 7,223 shares of company stock worth $774,982 over the last ninety days. Insiders own 3.20% of the company’s stock.

A number of research analysts have issued reports on the stock. ValuEngine raised shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Zacks Investment Research downgraded shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. DA Davidson assumed coverage on shares of Carter’s in a research report on Tuesday, April 23rd. They set a “neutral” rating and a $105.15 price objective on the stock. Deutsche Bank assumed coverage on shares of Carter’s in a research report on Tuesday, April 16th. They set a “hold” rating and a $99.00 price objective on the stock. Finally, Citigroup reaffirmed a “buy” rating and issued a $120.00 target price on shares of Carter’s in a research report on Monday, March 18th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $106.92.

Shares of NYSE:CRI traded down $0.01 during midday trading on Wednesday, reaching $95.55. The company’s stock had a trading volume of 43,670 shares, compared to its average volume of 747,971. The company has a market capitalization of $4.23 billion, a PE ratio of 15.22, a P/E/G ratio of 1.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.68 and a quick ratio of 1.25. Carter’s, Inc. has a 12-month low of $75.66 and a 12-month high of $118.22.

Carter’s (NYSE:CRI) last released its earnings results on Tuesday, April 30th. The textile maker reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.17. The firm had revenue of $741.06 million for the quarter, compared to the consensus estimate of $724.08 million. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.09 EPS. Equities analysts anticipate that Carter’s, Inc. will post 6.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Tuesday, May 28th. Carter’s’s dividend payout ratio is presently 31.80%.

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About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

See Also: Cost of Debt

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Institutional Ownership by Quarter for Carter`s (NYSE:CRI)

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