Dynamic Technology Lab Private Ltd Grows Position in Carter’s, Inc. $CRI

Dynamic Technology Lab Private Ltd lifted its position in Carter’s, Inc. (NYSE:CRI) by 39.7% during the 2nd quarter, Holdings Channel reports. The firm owned 100,508 shares of the textile maker’s stock after acquiring an additional 28,538 shares during the period. Carter’s comprises about 0.4% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 18th biggest holding. Dynamic Technology Lab Private Ltd’s holdings in Carter’s were worth $3,028,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in Carter’s by 269.0% during 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. Headlands Technologies LLC bought a new stake in Carter’s in the 1st quarter worth $58,000. US Bancorp DE increased its position in shares of Carter’s by 45.0% in the first quarter. US Bancorp DE now owns 1,408 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 437 shares during the period. Covestor Ltd raised its stake in shares of Carter’s by 18.6% during the first quarter. Covestor Ltd now owns 2,575 shares of the textile maker’s stock valued at $106,000 after acquiring an additional 404 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Carter’s by 121.4% during the first quarter. Quarry LP now owns 2,991 shares of the textile maker’s stock worth $122,000 after purchasing an additional 1,640 shares during the period.

Carter’s Stock Up 0.1%

CRI stock opened at $28.57 on Thursday. Carter’s, Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $58.13. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 11.57 and a beta of 1.08. The business’s 50 day moving average price is $30.57 and its two-hundred day moving average price is $30.31. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 2.26.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Monday, October 27th. The textile maker reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.04). The firm had revenue of $757.84 million for the quarter, compared to the consensus estimate of $760.11 million. Carter’s had a net margin of 3.15% and a return on equity of 16.71%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.64 earnings per share. As a group, analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 24th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, November 24th. Carter’s’s payout ratio is 40.49%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CRI. UBS Group raised their target price on Carter’s from $26.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Barclays lifted their price objective on Carter’s from $23.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 28th. Wells Fargo & Company upped their target price on Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Tuesday, October 28th. Zacks Research lowered Carter’s from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Finally, Citigroup boosted their price objective on shares of Carter’s from $28.00 to $34.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Two investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Carter’s currently has an average rating of “Strong Sell” and an average price target of $29.50.

Carter’s 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.