Alps Advisors Inc. purchased a new position in Carter’s, Inc. (NYSE:CRI – Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,030 shares of the textile maker’s stock, valued at approximately $596,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CRI. CenterBook Partners LP boosted its position in shares of Carter’s by 133.2% in the third quarter. CenterBook Partners LP now owns 41,117 shares of the textile maker’s stock worth $1,287,000 after buying an additional 23,485 shares during the period. Inscription Capital LLC increased its holdings in shares of Carter’s by 2.3% during the third quarter. Inscription Capital LLC now owns 19,909 shares of the textile maker’s stock valued at $623,000 after purchasing an additional 453 shares during the period. Chicago Partners Investment Group LLC increased its position in shares of Carter’s by 144.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 13,514 shares of the textile maker’s stock valued at $441,000 after purchasing an additional 7,993 shares during the period. State of Wyoming increased its holdings in shares of Carter’s by 104.6% in the third quarter. State of Wyoming now owns 22,843 shares of the textile maker’s stock valued at $715,000 after buying an additional 11,681 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in Carter’s by 362.9% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 44,900 shares of the textile maker’s stock worth $1,406,000 after purchasing an additional 35,200 shares during the period.
Carter’s Stock Performance
NYSE CRI opened at $34.39 on Friday. The company has a current ratio of 2.78, a quick ratio of 1.63 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average price is $31.95 and its two-hundred day moving average price is $36.13. The firm has a market capitalization of $1.26 billion, a P/E ratio of 5.71, a price-to-earnings-growth ratio of 3.88 and a beta of 0.85. Carter’s, Inc. has a 1 year low of $27.86 and a 1 year high of $44.44.
Carter’s (NYSE:CRI – Get Free Report) last posted its earnings results on Friday, October 30th. The textile maker reported $1.03 EPS for the quarter, beating the consensus estimate of $0.85 by $0.18. The company had revenue of $752.46 million for the quarter, compared to the consensus estimate of $747.34 million. Carter’s had a return on equity of 13.25% and a net margin of 7.40%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. As a group, research analysts anticipate that Carter’s, Inc. will post 3.22 EPS for the current year.
Carter’s Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Tuesday, September 1st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.00 annualized dividend and a yield of 2.9%. Carter’s’s dividend payout ratio (DPR) is 16.61%.
Wall Street Analyst Weigh In
CRI has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Carter’s in a research report on Wednesday. Bank of America decreased their price objective on shares of Carter’s from $30.00 to $28.00 and set an “underperform” rating on the stock in a research note on Monday, November 2nd. Needham & Company LLC reissued a “hold” rating on shares of Carter’s in a report on Tuesday, October 20th. BMO Capital Markets began coverage on shares of Carter’s in a research note on Tuesday, September 8th. They issued an “outperform” rating and a $40.00 target price on the stock. Finally, Wells Fargo & Company reduced their price objective on shares of Carter’s from $42.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $38.62.
Read Our Latest Report on Carter’s
About Carter’s
Carter’s, Inc. designs, sources and markets apparel and related products for babies and young children. Its offerings include clothing, sleepwear, footwear, accessories and gifts, sold under brands including Carter’s, OshKosh B’gosh, Skip Hop and Little Planet. Founded in 1865 by William Carter, the company has a long history in children’s apparel. Its products reach customers through company-operated stores and e-commerce sites, as well as wholesale relationships with retailers and other distribution partners.
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