Empirical Finance LLC Makes New $521,000 Investment in Carter’s, Inc. (NYSE:CRI)

Empirical Finance LLC bought a new stake in shares of Carter’s, Inc. (NYSE:CRI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,401 shares of the textile maker’s stock, valued at approximately $521,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gladius Capital Management LP purchased a new position in Carter’s during the second quarter worth approximately $30,000. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Carter’s during the 4th quarter valued at approximately $37,000. CWM LLC grew its stake in Carter’s by 431.3% in the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 483 shares during the period. Parallel Advisors LLC increased its holdings in Carter’s by 457.2% in the 4th quarter. Parallel Advisors LLC now owns 808 shares of the textile maker’s stock worth $61,000 after acquiring an additional 663 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in Carter’s during the first quarter worth $77,000.

Carter’s Trading Down 0.1 %

Shares of CRI opened at $65.90 on Friday. The firm’s fifty day moving average is $62.54 and its two-hundred day moving average is $70.36. The stock has a market cap of $2.41 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 3.71 and a beta of 1.22. The company has a quick ratio of 0.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.61. Carter’s, Inc. has a 52-week low of $54.74 and a 52-week high of $88.03.

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. The firm had revenue of $564.43 million for the quarter, compared to analyst estimates of $566.79 million. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. Research analysts forecast that Carter’s, Inc. will post 4.87 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.20 dividend on an annualized basis and a yield of 4.86%. Carter’s’s payout ratio is 50.47%.

Analyst Upgrades and Downgrades

Separately, Bank of America cut their target price 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. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.