Carter’s, Inc. (NYSE:CRI) Shares Purchased by Cwm LLC

Cwm LLC raised its holdings in Carter’s, Inc. (NYSE:CRI) by 1,158.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,488 shares of the textile maker’s stock after buying an additional 6,893 shares during the quarter. Cwm LLC’s holdings in Carter’s were worth $487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Carter’s by 112.0% in the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock valued at $26,000 after purchasing an additional 214 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Carter’s by 91.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 11,530 shares of the textile maker’s stock valued at $749,000 after purchasing an additional 5,500 shares during the last quarter. Paragon Capital Management Inc. grew its stake in shares of Carter’s by 5.2% during the 2nd quarter. Paragon Capital Management Inc. now owns 23,714 shares of the textile maker’s stock valued at $1,470,000 after buying an additional 1,182 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Carter’s during the 2nd quarter worth $231,000. Finally, Creative Planning purchased a new position in shares of Carter’s in the 2nd quarter worth $294,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CRI shares. Wells Fargo & Company boosted their price target on 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 dropped their target price 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 research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $71.17.

Carter’s Price Performance

CRI stock opened at $67.48 on Friday. The firm has a market cap of $2.46 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 3.86 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. Carter’s, Inc. has a 1 year low of $54.74 and a 1 year high of $88.03. The stock has a 50-day simple moving average of $66.06 and a 200-day simple moving average of $66.23.

Carter’s (NYSE:CRI) last issued 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 company had revenue of $564.43 million during the quarter, compared to the consensus estimate of $566.79 million. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. On average, equities analysts predict that Carter’s, Inc. will post 4.87 earnings per share 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 paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.20 annualized dividend and a dividend yield of 4.74%. Carter’s’s dividend payout ratio is presently 50.47%.

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.