37,829 Shares in Carter’s, Inc. $CRI Bought by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC bought a new position in Carter’s, Inc. (NYSE:CRI) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 37,829 shares of the textile maker’s stock, valued at approximately $1,140,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. SummerHaven Investment Management LLC grew its position in shares of Carter’s by 3.1% during the second quarter. SummerHaven Investment Management LLC now owns 12,998 shares of the textile maker’s stock worth $392,000 after acquiring an additional 385 shares during the last quarter. Covestor Ltd boosted its stake in Carter’s by 18.6% during the 1st quarter. Covestor Ltd now owns 2,575 shares of the textile maker’s stock valued at $106,000 after purchasing an additional 404 shares during the period. US Bancorp DE grew its position in Carter’s by 45.0% in the 1st quarter. US Bancorp DE now owns 1,408 shares of the textile maker’s stock worth $58,000 after purchasing an additional 437 shares during the last quarter. Allworth Financial LP increased its stake in shares of Carter’s by 313.1% in the first quarter. Allworth Financial LP now owns 723 shares of the textile maker’s stock valued at $28,000 after purchasing an additional 548 shares during the period. Finally, Comerica Bank raised its holdings in shares of Carter’s by 2.5% during the first quarter. Comerica Bank now owns 29,914 shares of the textile maker’s stock valued at $1,223,000 after buying an additional 721 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CRI. Zacks Research raised Carter’s from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Carter’s in a research note on Tuesday, October 14th. Wells Fargo & Company raised their price target on Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Tuesday, October 28th. UBS Group lifted their price objective on shares of Carter’s from $26.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Finally, Barclays increased their target price on shares of Carter’s from $23.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $29.50.

Carter’s Stock Performance

NYSE:CRI opened at $33.20 on Thursday. The company has a 50-day moving average of $30.38 and a 200-day moving average of $30.42. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 13.44 and a beta of 1.08. The company has a current ratio of 2.26, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Carter’s, Inc. has a twelve month low of $23.38 and a twelve month high of $58.13.

Carter’s (NYSE:CRI) last released its earnings results on Monday, October 27th. The textile maker reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). The business had revenue of $757.84 million during the quarter, compared to the consensus estimate of $760.11 million. Carter’s had a return on equity of 16.71% and a net margin of 3.15%.The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.64 earnings per share. Analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.