Texas Permanent School Fund Corp Has $1.71 Million Stake in Carter’s, Inc. (NYSE:CRI)

Texas Permanent School Fund Corp lowered its position in Carter’s, Inc. (NYSE:CRI) by 14.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,562 shares of the textile maker’s stock after selling 4,667 shares during the period. Texas Permanent School Fund Corp owned 0.08% of Carter’s worth $1,708,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. State of Michigan Retirement System grew its holdings in shares of Carter’s by 2.3% during the first 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 in the last quarter. Quantbot Technologies LP grew its holdings in Carter’s by 2.3% in the 1st 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 in the last quarter. Dean Capital Management increased its position in Carter’s by 2.3% during the 4th 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. CWM LLC raised its holdings in Carter’s by 431.3% in the 2nd quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after acquiring an additional 483 shares in the last quarter. Finally, Gladius Capital Management LP bought a new stake in shares of Carter’s during the 2nd quarter worth approximately $30,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CRI shares. 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 report on Monday, September 9th. Bank of America reduced their price objective on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research report on Monday, July 29th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $71.17.

Carter’s Stock Performance

NYSE:CRI opened at $71.00 on Thursday. The company has a fifty day moving average of $64.05 and a 200-day moving average of $69.13. The firm has a market capitalization of $2.59 billion, a P/E ratio of 11.20, 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. Carter’s, Inc. has a twelve month low of $54.74 and a twelve month 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 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 analyst estimates of $566.79 million. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. As a group, sell-side analysts anticipate that Carter’s, Inc. will post 4.9 EPS for the current year.

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.80 per share. The ex-dividend date was Tuesday, August 27th. This represents a $3.20 dividend on an annualized basis and a yield of 4.51%. Carter’s’s dividend payout ratio (DPR) 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.