Bayesian Capital Management LP Invests $715,000 in Carter’s, Inc. (NYSE:CRI)

Bayesian Capital Management LP purchased a new position in Carter’s, Inc. (NYSE:CRI) during the first quarter, HoldingsChannel.com reports. The fund purchased 8,438 shares of the textile maker’s stock, valued at approximately $715,000.

A number of other large investors also recently modified their holdings of the business. LSV Asset Management lifted its position in shares of Carter’s by 3.4% in the 4th quarter. LSV Asset Management now owns 1,229,812 shares of the textile maker’s stock worth $92,101,000 after buying an additional 39,976 shares during the last quarter. Boston Trust Walden Corp lifted its position in shares of Carter’s by 0.3% in the 4th 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 lifted its position in shares of Carter’s by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 933,576 shares of the textile maker’s stock worth $69,916,000 after buying an additional 18,008 shares during the last quarter. Wasatch Advisors LP bought a new position in shares of Carter’s in the 1st quarter worth about $45,011,000. Finally, Norges Bank bought a new stake in Carter’s in the 4th quarter valued at about $31,193,000.

Carter’s Price Performance

Shares of CRI traded up $0.52 during mid-day trading on Tuesday, hitting $61.14. The company’s stock had a trading volume of 1,538,353 shares, compared to its average volume of 852,171. The firm has a 50-day moving average price of $63.76 and a 200 day moving average price of $72.39. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 3.67 and a beta of 1.22. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.09 and a quick ratio of 0.95. Carter’s, Inc. has a fifty-two week low of $54.74 and a fifty-two week high of $88.03.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Friday, April 26th. The textile maker reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.33. The company had revenue of $661.49 million for the quarter, compared to analysts’ expectations of $633.05 million. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. On average, research analysts predict that Carter’s, Inc. will post 4.83 EPS for the current fiscal year.

Carter’s Announces Dividend

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. This represents a $3.20 annualized dividend and a dividend yield of 5.23%. The ex-dividend date of this dividend was Friday, May 24th. Carter’s’s dividend payout ratio (DPR) is currently 50.47%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a research report on Thursday, April 18th. Bank of America cut their price objective on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research report on Monday. 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 on the stock in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $70.50.

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.