FormulaFolio Investments LLC purchased a new stake in shares of Carter’s, Inc. (NYSE:CRI) during the 1st quarter, Holdings Channel reports. The fund purchased 3,007 shares of the textile maker’s stock, valued at approximately $303,000.

Several other institutional investors also recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its holdings in shares of Carter’s by 0.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 15,300 shares of the textile maker’s stock valued at $1,542,000 after purchasing an additional 100 shares during the last quarter. Cascade Investment Advisors Inc. grew its holdings in shares of Carter’s by 2.1% during the 4th quarter. Cascade Investment Advisors Inc. now owns 7,820 shares of the textile maker’s stock valued at $638,000 after purchasing an additional 160 shares during the last quarter. Private Capital Group LLC grew its holdings in shares of Carter’s by 38.8% during the 1st quarter. Private Capital Group LLC now owns 587 shares of the textile maker’s stock valued at $59,000 after purchasing an additional 164 shares during the last quarter. Mason Street Advisors LLC grew its holdings in shares of Carter’s by 0.8% during the 1st quarter. Mason Street Advisors LLC now owns 24,209 shares of the textile maker’s stock valued at $2,440,000 after purchasing an additional 193 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Carter’s by 0.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 56,330 shares of the textile maker’s stock valued at $5,678,000 after purchasing an additional 230 shares during the last quarter. 95.82% of the stock is currently owned by institutional investors.

Several equities research analysts recently issued reports on the stock. DA Davidson assumed coverage on shares of Carter’s in a report on Tuesday, April 23rd. They set a “neutral” rating and a $105.15 price target on the stock. Zacks Investment Research lowered shares of Carter’s from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Deutsche Bank assumed coverage on shares of Carter’s in a report on Tuesday, April 16th. They set a “hold” rating and a $99.00 price target on the stock. ValuEngine raised shares of Carter’s from a “sell” rating to a “hold” rating in a report on Monday, February 25th. Finally, Citigroup reaffirmed a “buy” rating and set a $120.00 price target on shares of Carter’s in a report on Monday, March 18th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $106.92.

In other Carter’s news, SVP Jill Wilson sold 2,843 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $108.38, for a total transaction of $308,124.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Julie D’emilio sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $92.78, for a total transaction of $371,120.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,883 shares of company stock worth $1,993,643 over the last three months. Insiders own 3.20% of the company’s stock.

CRI opened at $89.67 on Thursday. Carter’s, Inc. has a fifty-two week low of $75.66 and a fifty-two week high of $118.22. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.68. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 1.77 and a beta of 0.62.

Carter’s (NYSE:CRI) last posted its earnings results on Tuesday, April 30th. The textile maker reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.17. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. The firm had revenue of $741.06 million for the quarter, compared to analyst estimates of $724.08 million. During the same period in the previous year, the firm posted $1.09 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts forecast that Carter’s, Inc. will post 6.64 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Tuesday, May 28th. Carter’s’s payout ratio is 31.80%.

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About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

Further Reading: Cost of Goods Sold (COGS)

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Institutional Ownership by Quarter for Carter`s (NYSE:CRI)

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