Inscription Capital LLC Invests $465,000 in Carter’s, Inc. $CRI

Inscription Capital LLC purchased a new stake in shares of Carter’s, Inc. (NYSE:CRI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,493 shares of the textile maker’s stock, valued at approximately $465,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signaturefd LLC raised its position in Carter’s by 269.0% during the 2nd quarter. Signaturefd LLC now owns 1,000 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 729 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Carter’s by 135.4% during the third quarter. Versant Capital Management Inc now owns 1,415 shares of the textile maker’s stock valued at $40,000 after buying an additional 814 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Carter’s by 202.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 995 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in Carter’s in the second quarter worth about $110,000. Finally, Tower Research Capital LLC TRC lifted its stake in Carter’s by 217.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,805 shares of the textile maker’s stock worth $175,000 after acquiring an additional 3,977 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CRI shares. Wells Fargo & Company boosted their price target on shares of Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Tuesday, October 28th. UBS Group boosted their price objective on shares of Carter’s from $26.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Citigroup raised Carter’s from a “neutral” rating to a “buy” rating and increased their target price for the company from $34.00 to $50.00 in a research report on Wednesday. Wall Street Zen raised Carter’s from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Carter’s in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Carter’s presently has an average rating of “Reduce” and a consensus price target of $32.60.

Carter’s Stock Down 0.9%

CRI stock opened at $37.82 on Friday. The stock has a market capitalization of $1.38 billion, a PE ratio of 15.31 and a beta of 1.07. Carter’s, Inc. has a 52 week low of $23.38 and a 52 week high of $55.71. The company has a quick ratio of 0.95, a current ratio of 2.26 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average of $32.87 and a 200 day moving average of $30.56.

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

Carter’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, November 24th. Carter’s’s payout ratio is presently 40.49%.

Carter’s Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.