Lecap Asset Management Ltd. Sells 12,510 Shares of Carter’s, Inc. (NYSE:CRI)

Lecap Asset Management Ltd. lessened its position in Carter’s, Inc. (NYSE:CRI) by 50.1% during the second quarter, Holdings Channel reports. The fund owned 12,454 shares of the textile maker’s stock after selling 12,510 shares during the period. Lecap Asset Management Ltd.’s holdings in Carter’s were worth $772,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wasatch Advisors LP purchased a new position in shares of Carter’s in the 1st quarter worth about $45,011,000. Norges Bank bought a new position in Carter’s during the fourth quarter valued at approximately $31,193,000. Reinhart Partners LLC. raised its stake in shares of Carter’s by 67.3% during the second quarter. Reinhart Partners LLC. now owns 461,190 shares of the textile maker’s stock worth $28,580,000 after acquiring an additional 185,458 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Carter’s by 189.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 265,680 shares of the textile maker’s stock worth $19,897,000 after acquiring an additional 173,855 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Carter’s by 585.0% in the 4th quarter. BNP Paribas Financial Markets now owns 111,163 shares of the textile maker’s stock valued at $8,325,000 after purchasing an additional 94,935 shares in the last quarter.

Carter’s Trading Up 1.2 %

NYSE:CRI traded up $0.76 during mid-day trading on Wednesday, reaching $65.74. 1,063,061 shares of the company’s stock traded hands, compared to its average volume of 881,125. The company has a 50 day moving average price of $62.18 and a 200-day moving average price of $70.95. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 3.71 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 12-month low of $54.74 and a 12-month high of $88.03.

Carter’s (NYSE:CRI) last issued its quarterly earnings data 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 return on equity of 28.65% and a net margin of 8.29%. The firm had revenue of $564.43 million for the quarter, compared to analyst estimates of $566.79 million. On average, sell-side analysts predict that Carter’s, Inc. will post 4.87 earnings per share for the current year.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend is Tuesday, August 27th. Carter’s’s payout ratio is currently 50.47%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CRI shares. Bank of America lowered their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company lowered their price objective on 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. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, Carter’s has a consensus rating of “Hold” and an average price target of $70.50.

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.