Carter’s, Inc. (NYSE:CRI) Shares Acquired by Seven Eight Capital LP

Seven Eight Capital LP increased its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 153.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,283 shares of the textile maker’s stock after purchasing an additional 5,620 shares during the period. Seven Eight Capital LP’s holdings in Carter’s were worth $786,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Blue Trust Inc. boosted its stake in Carter’s by 28.6% during the 4th quarter. Blue Trust Inc. now owns 630 shares of the textile maker’s stock worth $44,000 after purchasing an additional 140 shares during the period. State of Michigan Retirement System boosted its stake in Carter’s by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 9,029 shares of the textile maker’s stock worth $765,000 after purchasing an additional 200 shares during the period. Qsemble Capital Management LP boosted its stake in Carter’s by 2.2% during the 4th quarter. Qsemble Capital Management LP now owns 9,814 shares of the textile maker’s stock worth $735,000 after purchasing an additional 214 shares during the period. Louisiana State Employees Retirement System boosted its stake in Carter’s by 2.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the textile maker’s stock worth $898,000 after purchasing an additional 300 shares during the period. Finally, Quantbot Technologies LP boosted its stake in Carter’s by 2.3% during the 1st quarter. Quantbot Technologies LP now owns 13,178 shares of the textile maker’s stock worth $1,116,000 after purchasing an additional 302 shares during the period.

Carter’s Price Performance

Shares of CRI traded down $1.38 during trading hours on Tuesday, reaching $60.37. The company had a trading volume of 1,241,323 shares, compared to its average volume of 798,157. The firm has a 50 day simple moving average of $64.52 and a 200-day simple moving average of $72.81. The company has a current ratio of 2.43, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 9.52, a PEG ratio of 3.09 and a beta of 1.22. Carter’s, Inc. has a 12-month low of $59.94 and a 12-month high of $88.03.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Friday, April 26th. The textile maker reported $1.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.33. The business had revenue of $661.49 million during the quarter, compared to the consensus estimate of $633.05 million. Carter’s had a net margin of 8.06% and a return on equity of 28.55%. Research analysts expect that Carter’s, Inc. will post 6.3 earnings per share for the current year.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.30%. Carter’s’s dividend payout ratio is presently 50.47%.

Analyst Upgrades and Downgrades

CRI has been the subject of a number of recent research reports. Citigroup decreased their price target on shares of Carter’s from $66.00 to $64.00 and set a “sell” rating for the company in a research note on Thursday, April 18th. StockNews.com downgraded shares of Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company cut their price objective on shares of Carter’s from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $73.80.

Carter’s Company 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.