AQR Capital Management LLC Acquires 186,894 Shares of Carter’s, Inc. (NYSE:CRI)

AQR Capital Management LLC boosted its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 50.7% in the second quarter, Holdings Channel reports. The firm owned 555,568 shares of the textile maker’s stock after purchasing an additional 186,894 shares during the quarter. AQR Capital Management LLC’s holdings in Carter’s were worth $34,212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its holdings in shares of Carter’s by 173.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,196 shares of the textile maker’s stock worth $1,456,000 after acquiring an additional 10,897 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Carter’s by 35.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock worth $3,619,000 after acquiring an additional 11,265 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Carter’s by 86.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 20,019 shares of the textile maker’s stock worth $1,714,000 after acquiring an additional 9,295 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Carter’s by 2,145.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 34,580 shares of the textile maker’s stock worth $2,928,000 after acquiring an additional 33,040 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Carter’s in the 1st quarter worth approximately $1,450,000.

Carter’s Stock Performance

Shares of Carter’s stock opened at $66.66 on Monday. The firm has a fifty day moving average of $64.91 and a two-hundred day moving average of $68.22. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 4.19 and a beta of 1.23. Carter’s, Inc. has a 52 week low of $54.74 and a 52 week high of $88.03. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 2.09.

Carter’s (NYSE:CRI) last issued its earnings results on Friday, July 26th. The textile maker reported $0.76 EPS for the quarter, beating the consensus estimate of $0.45 by $0.31. The company had revenue of $564.43 million during the quarter, compared to analysts’ expectations of $566.79 million. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. As a group, equities research analysts predict that Carter’s, Inc. will post 4.9 EPS for the current year.

Carter’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s payout ratio is 50.47%.

Analysts Set New Price Targets

Several research firms have issued reports on CRI. Bank of America reduced their price objective on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company upped their price objective on Carter’s from $60.00 to $72.00 and gave the stock an “equal weight” rating in a report on Monday, September 9th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, Carter’s has a consensus rating of “Hold” and an average price target of $71.17.

Carter’s Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.