LRI Investments LLC Makes New Investment in Carter’s, Inc. (NYSE:CRI)

LRI Investments LLC bought a new stake in Carter’s, Inc. (NYSE:CRI) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 910 shares of the textile maker’s stock, valued at approximately $77,000.

Several other hedge funds have also recently modified their holdings of CRI. LSV Asset Management boosted its stake in shares of Carter’s by 3.4% in the fourth quarter. LSV Asset Management now owns 1,229,812 shares of the textile maker’s stock worth $92,101,000 after acquiring an additional 39,976 shares during the last quarter. Boston Trust Walden Corp boosted its stake in Carter’s by 0.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,135,092 shares of the textile maker’s stock worth $85,007,000 after buying an additional 3,570 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Carter’s by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 933,576 shares of the textile maker’s stock valued at $69,916,000 after buying an additional 18,008 shares in the last quarter. Wasatch Advisors LP acquired a new stake in shares of Carter’s in the 1st quarter worth $45,011,000. Finally, Norges Bank purchased a new position in shares of Carter’s during the 4th quarter worth $31,193,000.

Carter’s Trading Down 4.3 %

Shares of Carter’s stock traded down $2.55 during trading hours on Friday, reaching $57.26. 4,768,258 shares of the company’s stock were exchanged, compared to its average volume of 919,259. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 2.81 and a beta of 1.22. The company has a current ratio of 2.43, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. Carter’s, Inc. has a 52-week low of $54.74 and a 52-week high of $88.03. The company has a fifty day moving average of $63.90 and a 200-day moving average of $72.49.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Friday, July 26th. The textile maker reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.31. Carter’s had a net margin of 8.06% and a return on equity of 28.55%. The company had revenue of $564.43 million for the quarter, compared to the consensus estimate of $566.79 million. Sell-side analysts forecast that Carter’s, Inc. will post 4.83 EPS for the current fiscal year.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were given a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $3.20 annualized dividend and a dividend yield of 5.59%. Carter’s’s payout ratio is 50.47%.

Analysts Set New Price Targets

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

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.