Pacer Advisors Inc. Boosts Stock Position in Carter’s, Inc. (NYSE:CRI)

Pacer Advisors Inc. boosted its holdings in Carter’s, Inc. (NYSE:CRI) by 44.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,209,097 shares of the textile maker’s stock after purchasing an additional 371,681 shares during the period. Pacer Advisors Inc. owned about 3.31% of Carter’s worth $74,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CRI. State of Michigan Retirement System raised its stake in shares of Carter’s by 2.3% in the first quarter. State of Michigan Retirement System now owns 9,029 shares of the textile maker’s stock valued at $765,000 after buying an additional 200 shares during the period. Quantbot Technologies LP raised its stake in shares of Carter’s by 2.3% in the first quarter. Quantbot Technologies LP now owns 13,178 shares of the textile maker’s stock valued at $1,116,000 after buying an additional 302 shares during the period. Dean Capital Management raised 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 valued at $1,180,000 after buying an additional 356 shares during the period. Texas Permanent School Fund Corp raised its stake in shares of Carter’s by 1.4% in 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 buying an additional 432 shares during the period. Finally, CWM LLC raised its stake in shares of Carter’s by 431.3% in 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.

Carter’s Price Performance

Shares of NYSE CRI opened at $67.07 on Friday. The firm has a market capitalization of $2.45 billion, a P/E ratio of 10.58, a P/E/G ratio of 4.35 and a beta of 1.23. 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 stock’s 50-day simple moving average is $64.48 and its two-hundred day simple moving average is $68.96. Carter’s, Inc. has a twelve month low of $54.74 and a twelve month high of $88.03.

Carter’s (NYSE:CRI) last announced its earnings results on Friday, July 26th. The textile maker reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.31. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. The business had revenue of $564.43 million for the quarter, compared to analyst estimates of $566.79 million. As a group, equities analysts anticipate that Carter’s, Inc. will post 4.9 EPS for the current fiscal year.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders 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 currently 50.47%.

Analysts Set New Price Targets

CRI has been the topic of several research reports. Bank of America lowered their target price on 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 target price on Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a research note on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $71.17.

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.