XTX Topco Ltd Cuts Stock Holdings in Carter’s, Inc. (NYSE:CRI)

XTX Topco Ltd lowered its stake in Carter’s, Inc. (NYSE:CRI) by 34.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,301 shares of the textile maker’s stock after selling 1,733 shares during the period. XTX Topco Ltd’s holdings in Carter’s were worth $205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CRI. State of Michigan Retirement System increased its stake in 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 purchasing an additional 200 shares during the period. Quantbot Technologies LP increased 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 worth $1,116,000 after buying an additional 302 shares during the period. Dean Capital Management increased 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 buying an additional 356 shares during the period. Texas Permanent School Fund Corp raised its holdings in Carter’s by 1.4% during the 1st 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 last quarter. Finally, CWM LLC boosted its position in Carter’s by 431.3% during the 2nd 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.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CRI. Wells Fargo & Company boosted 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 report on Monday, September 9th. Bank of America lowered their price target on 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 investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $71.17.

Carter’s Stock Performance

Shares of CRI opened at $66.66 on Monday. The company has a 50-day simple moving average of $64.91 and a two-hundred day simple moving average of $68.22. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.09 and a quick ratio of 0.95. The firm has a market capitalization of $2.43 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 4.19 and a beta of 1.23. Carter’s, Inc. has a one year low of $54.74 and a one year high of $88.03.

Carter’s (NYSE:CRI) last released its earnings results on Friday, July 26th. The textile maker reported $0.76 EPS for the quarter, beating 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 company had revenue of $564.43 million during the quarter, compared to analysts’ expectations of $566.79 million. On average, analysts anticipate that Carter’s, Inc. will post 4.9 EPS for the current fiscal year.

Carter’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.80%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s dividend payout ratio is presently 50.47%.

Carter’s Company 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.