4,408 Shares in Carter’s, Inc. (NYSE:CRI) Purchased by Versor Investments LP

Versor Investments LP bought a new stake in shares of Carter’s, Inc. (NYSE:CRI) in the fourth quarter, Holdings Channel reports. The fund bought 4,408 shares of the textile maker’s stock, valued at approximately $239,000.

Other large investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in Carter’s during the 3rd quarter valued at approximately $28,000. Venturi Wealth Management LLC increased its holdings in shares of Carter’s by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after acquiring an additional 500 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Carter’s during the third quarter valued at $74,000. GAMMA Investing LLC raised its position in shares of Carter’s by 258.0% in the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock worth $79,000 after purchasing an additional 1,045 shares during the last quarter. Finally, KBC Group NV boosted its stake in Carter’s by 136.7% in the 4th quarter. KBC Group NV now owns 1,780 shares of the textile maker’s stock worth $96,000 after purchasing an additional 1,028 shares in the last quarter.

Carter’s Stock Performance

Shares of NYSE CRI opened at $40.88 on Wednesday. The company has a market cap of $1.47 billion, a PE ratio of 6.49, a PEG ratio of 3.37 and a beta of 1.24. The firm’s 50-day moving average price is $51.75 and its 200-day moving average price is $57.62. Carter’s, Inc. has a 52-week low of $40.76 and a 52-week high of $88.03. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.52. The firm had revenue of $859.70 million for the quarter, compared to analysts’ expectations of $835.82 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.76 EPS. As a group, analysts anticipate that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 7.83%. The ex-dividend date of this dividend is Monday, March 10th. Carter’s’s payout ratio is currently 62.62%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup reduced their price objective on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. UBS Group decreased their price objective on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company lowered their price objective on Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, Carter’s currently has an average rating of “Hold” and an average target price of $49.00.

Carter’s Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.