Seven Eight Capital LP Raises Stock Position in Carter’s, Inc. (NYSE:CRI)

Seven Eight Capital LP lifted its stake in Carter’s, Inc. (NYSE:CRI) by 55.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,390 shares of the textile maker’s stock after purchasing an additional 5,107 shares during the period. Seven Eight Capital LP’s holdings in Carter’s were worth $892,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CRI. State of Michigan Retirement System grew its stake in shares of Carter’s by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 9,029 shares of the textile maker’s stock worth $765,000 after buying an additional 200 shares during the last quarter. Quantbot Technologies LP boosted its holdings in Carter’s by 2.3% in the first quarter. Quantbot Technologies LP now owns 13,178 shares of the textile maker’s stock worth $1,116,000 after acquiring an additional 302 shares in the last quarter. Dean Capital Management grew its stake in shares of Carter’s by 2.3% in the fourth quarter. Dean Capital Management now owns 15,762 shares of the textile maker’s stock worth $1,180,000 after acquiring an additional 356 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in shares of Carter’s by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 32,229 shares of the textile maker’s stock valued at $2,729,000 after acquiring an additional 432 shares in the last quarter. Finally, CWM LLC raised its position in shares of Carter’s by 431.3% in 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 last quarter.

Analysts Set New Price Targets

CRI has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a research note on Monday, September 9th. Bank of America reduced their price target on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Carter’s presently has a consensus rating of “Hold” and an average price target of $71.17.

Carter’s Stock Down 1.4 %

CRI opened at $67.05 on Friday. Carter’s, Inc. has a twelve month low of $54.74 and a twelve month high of $88.03. The company has a quick ratio of 0.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.61. The firm has a 50 day moving average price of $64.37 and a 200-day moving average price of $69.14. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 10.58, a PEG ratio of 4.35 and a beta of 1.23.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Friday, July 26th. The textile maker reported $0.76 EPS for the quarter, topping the consensus estimate of $0.45 by $0.31. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. The company had revenue of $564.43 million during the quarter, compared to analyst estimates of $566.79 million. Equities research analysts forecast that Carter’s, Inc. will post 4.9 earnings per share for the current year.

Carter’s Announces Dividend

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. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date was Tuesday, August 27th. Carter’s’s payout ratio is 50.47%.

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.