Carter’s, Inc. $CRI Holdings Raised by CenterBook Partners LP

CenterBook Partners LP increased its stake in Carter’s, Inc. (NYSE:CRI) by 133.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,117 shares of the textile maker’s stock after purchasing an additional 23,485 shares during the quarter. CenterBook Partners LP’s holdings in Carter’s were worth $1,287,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. WINTON GROUP Ltd boosted its position in shares of Carter’s by 1.9% in the second quarter. WINTON GROUP Ltd now owns 17,560 shares of the textile maker’s stock worth $723,000 after buying an additional 322 shares during the period. Inscription Capital LLC grew its stake in Carter’s by 2.3% in the 3rd quarter. Inscription Capital LLC now owns 19,909 shares of the textile maker’s stock valued at $623,000 after buying an additional 453 shares during the last quarter. IFP Advisors Inc raised its holdings in Carter’s by 16,840.0% in the 3rd quarter. IFP Advisors Inc now owns 847 shares of the textile maker’s stock worth $27,000 after acquiring an additional 842 shares during the period. Crossmark Global Holdings Inc. lifted its position in Carter’s by 13.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,532 shares of the textile maker’s stock worth $267,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Carter’s by 39.4% during the 3rd quarter. Versant Capital Management Inc now owns 3,711 shares of the textile maker’s stock worth $116,000 after acquiring an additional 1,049 shares during the last quarter.

Carter’s Trading Up 8.7%

Carter’s stock opened at $34.78 on Tuesday. The business has a 50 day moving average price of $31.80 and a two-hundred day moving average price of $36.16. The company has a quick ratio of 1.63, a current ratio of 2.78 and a debt-to-equity ratio of 0.54. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 5.78, a price-to-earnings-growth ratio of 3.85 and a beta of 0.85. Carter’s, Inc. has a 12 month low of $27.86 and a 12 month high of $44.44.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Friday, October 30th. The textile maker reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.18. Carter’s had a return on equity of 13.25% and a net margin of 7.40%. The company had revenue of $752.46 million during the quarter, compared to the consensus estimate of $747.34 million. During the same quarter last year, the company earned $0.74 EPS. The company’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities analysts forecast that Carter’s, Inc. will post 3.22 EPS for the current year.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Tuesday, September 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, September 1st. Carter’s’s dividend payout ratio is presently 16.61%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CRI. Zacks Research downgraded Carter’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Bank of America cut their price objective on Carter’s from $30.00 to $28.00 and set an “underperform” rating for the company in a research report on Monday, November 2nd. BMO Capital Markets began coverage on Carter’s in a research report on Tuesday, September 8th. They set an “outperform” rating and a $40.00 price objective for the company. Needham & Company LLC restated a “hold” rating on shares of Carter’s in a research note on Tuesday, October 20th. Finally, Wells Fargo & Company lowered their target price on Carter’s from $42.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Carter’s presently has an average rating of “Hold” and a consensus target price of $38.62.

Carter’s Profile

Carter’s, Inc (NYSE:CRI) is a major designer, source and marketer of apparel and related products for babies and young children. The company offers clothing, accessories, footwear, gifts and other products for infants, toddlers and children through brands including Carter’s, OshKosh B’gosh, Little Planet and Skip Hop.

Founded in 1865, Carter’s has built a long-standing presence in the children’s apparel market. Its products are sold through company-operated retail stores, e-commerce websites and wholesale partners, including department stores, mass merchants and specialty retailers.