MQS Management LLC Purchases New Position in Carter’s, Inc. (NYSE:CRI)

MQS Management LLC acquired a new position in Carter’s, Inc. (NYSE:CRI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,753 shares of the textile maker’s stock, valued at approximately $418,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gladius Capital Management LP purchased a new position in shares of Carter’s in the 2nd quarter valued at approximately $30,000. Ables Iannone Moore & Associates Inc. bought a new position in Carter’s in the fourth quarter worth $37,000. CWM LLC lifted its position in Carter’s by 431.3% during the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after buying an additional 483 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Carter’s by 457.2% during the 4th quarter. Parallel Advisors LLC now owns 808 shares of the textile maker’s stock valued at $61,000 after buying an additional 663 shares in the last quarter. Finally, LRI Investments LLC purchased a new stake in shares of Carter’s in the 1st quarter worth about $77,000.

Carter’s Trading Down 4.2 %

Shares of NYSE CRI opened at $68.00 on Friday. The company has a market cap of $2.48 billion, a PE ratio of 10.73, a P/E/G ratio of 4.35 and a beta of 1.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 2.09. The firm’s 50 day moving average price is $64.26 and its 200-day moving average price is $69.15. Carter’s, Inc. has a 52-week low of $54.74 and a 52-week high of $88.03.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Friday, July 26th. The textile maker reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.31. The business had revenue of $564.43 million for the quarter, compared to analysts’ expectations of $566.79 million. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. On average, equities research analysts expect that Carter’s, Inc. will post 4.9 EPS for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.20 annualized dividend and a yield of 4.71%. Carter’s’s payout ratio is 50.47%.

Analysts Set New Price Targets

Several research firms recently commented on CRI. Bank of America dropped their price objective on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company boosted their price target on Carter’s from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, Carter’s presently has a consensus rating of “Hold” and a consensus target price of $71.17.

About Carter’s

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.