EMC Capital Management Increases Stock Holdings in Carter’s, Inc. (NYSE:CRI)

EMC Capital Management raised its stake in shares of Carter’s, Inc. (NYSE:CRI) by 194.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,799 shares of the textile maker’s stock after purchasing an additional 6,469 shares during the quarter. EMC Capital Management’s holdings in Carter’s were worth $637,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Carter’s by 112.0% during the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after buying an additional 214 shares during the last quarter. Gladius Capital Management LP purchased a new stake in Carter’s in the 2nd quarter worth approximately $30,000. CWM LLC grew its stake in shares of Carter’s by 431.3% during the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after purchasing an additional 483 shares during the period. Abich Financial Wealth Management LLC increased its holdings in shares of Carter’s by 67.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock valued at $53,000 after purchasing an additional 346 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of Carter’s in the 1st quarter valued at $77,000.

Carter’s Trading Down 1.3 %

Shares of Carter’s stock opened at $54.01 on Friday. Carter’s, Inc. has a twelve month low of $53.40 and a twelve month high of $88.03. The firm’s 50-day moving average price is $65.19 and its 200 day moving average price is $65.22. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.95 billion, a PE ratio of 8.57, a P/E/G ratio of 3.41 and a beta of 1.23.

Carter’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 5.92%. The ex-dividend date was Tuesday, August 27th. Carter’s’s payout ratio is 50.79%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CRI shares. Wells Fargo & Company cut their price objective on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Bank of America reduced their price target on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $70.00.

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.