SCHEDULE 13G/A: First Trust Entities Disclose 1.14% Passive Stake in Carter's, Inc.

First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation have jointly filed an amended Schedule 13G, reporting a combined passive beneficial ownership of 1.14% in Carter's, Inc. as of March 31, 2025.

Summary

• First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation have jointly filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Carter's, Inc.
• As of March 31, 2025, the reporting persons collectively beneficially own 411,416 shares of Carter's, Inc. common stock.
• This represents 1.14% of the total class of securities outstanding.
• The Charger Corporation is the General Partner of both First Trust Portfolios L.P. and First Trust Advisors L.P.
• First Trust Portfolios L.P. sponsors unit investment trusts that hold shares of Carter's, Inc.
• First Trust Advisors L.P. acts as portfolio supervisor for these unit investment trusts and investment advisor/sub-advisor for other investment vehicles holding Carter's shares.
• The reporting persons generally do not have sole voting power over these shares, with shared voting power reported at 406,234 shares and shared dispositive power at 411,416 shares.
• All reporting persons disclaim beneficial ownership of the shares identified in this filing.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Carter's, Inc.

Sentiment

Score: 5

Explanation: Neutral. This is a routine regulatory filing disclosing passive ownership, with no inherent positive or negative implications for the issuer's operations or financial performance.

Future Outlook

NA

Industry Context

This filing is a routine disclosure by institutional investors regarding their passive ownership stake in a publicly traded company. It reflects standard portfolio management activities within the investment management industry, where entities like First Trust manage various investment vehicles holding diversified portfolios.

Related Party Transactions

• The Charger Corporation is the General Partner of both First Trust Portfolios L.P. and First Trust Advisors L.P., indicating an internal organizational relationship among the filing entities.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's passive stake, confirming no intent to influence control.
• Company Management: No direct impact on management or operations as the stake is passive and below the threshold for active engagement.

Key Dates

Keywords

Carter's Inc., First Trust Portfolios, First Trust Advisors, The Charger Corporation, Schedule 13G, Beneficial Ownership, Passive Investment, Equity Stake, Investment Management, Unit Investment Trusts