Hussman Strategic Advisors Inc. Increases Position in Carter’s, Inc. $CRI

Hussman Strategic Advisors Inc. boosted its position in Carter’s, Inc. (NYSE:CRI) by 100.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,000 shares of the textile maker’s stock after acquiring an additional 42,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Carter’s were worth $2,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. RWWM Inc. boosted its holdings in shares of Carter’s by 86.1% in the 2nd quarter. RWWM Inc. now owns 4,075,791 shares of the textile maker’s stock worth $122,804,000 after purchasing an additional 1,885,309 shares in the last quarter. Millennium Management LLC lifted its position in Carter’s by 14,270.6% in the 1st quarter. Millennium Management LLC now owns 1,631,493 shares of the textile maker’s stock worth $66,728,000 after buying an additional 1,620,140 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Carter’s by 6.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,327,040 shares of the textile maker’s stock worth $54,276,000 after buying an additional 81,097 shares in the last quarter. American Century Companies Inc. grew its position in Carter’s by 10.9% during the first quarter. American Century Companies Inc. now owns 1,183,289 shares of the textile maker’s stock valued at $48,397,000 after acquiring an additional 116,113 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its position in Carter’s by 32.4% during the second quarter. Allianz Asset Management GmbH now owns 836,495 shares of the textile maker’s stock valued at $25,204,000 after acquiring an additional 204,938 shares during the last quarter.

Carter’s Price Performance

Shares of Carter’s stock opened at $30.32 on Tuesday. The company’s fifty day simple moving average is $29.87 and its two-hundred day simple moving average is $30.60. Carter’s, Inc. has a 12-month low of $23.38 and a 12-month high of $58.13. The firm has a market cap of $1.11 billion, a PE ratio of 12.28 and a beta of 1.07. The company has a quick ratio of 1.03, a current ratio of 2.26 and a debt-to-equity ratio of 0.58.

Carter’s (NYSE:CRI) last posted its earnings results on Monday, October 27th. The textile maker reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). The firm had revenue of $757.84 million for the quarter, compared to analysts’ expectations of $760.11 million. Carter’s had a return on equity of 16.71% and a net margin of 3.15%.The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.64 earnings per share. As a group, equities analysts expect that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Tuesday, August 26th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, August 26th. Carter’s’s dividend payout ratio (DPR) is currently 40.49%.

Analyst Upgrades and Downgrades

CRI has been the subject of a number of recent research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Carter’s in a report on Tuesday, October 14th. Barclays lifted their target price on shares of Carter’s from $23.00 to $26.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 28th. UBS Group upped their price target on shares of Carter’s from $26.00 to $33.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Wells Fargo & Company lifted their price objective on Carter’s from $22.00 to $25.00 and gave the stock an “underweight” rating in a report on Tuesday, October 28th. Finally, Citigroup increased their target price on Carter’s from $28.00 to $34.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Three analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $29.50.

About Carter’s

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.