Paragon Capital Management Inc. Acquires 5,511 Shares of Carter’s, Inc. (NYSE:CRI)

Paragon Capital Management Inc. increased its holdings in Carter’s, Inc. (NYSE:CRI) by 23.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,225 shares of the textile maker’s stock after acquiring an additional 5,511 shares during the quarter. Carter’s comprises approximately 1.4% of Paragon Capital Management Inc.’s portfolio, making the stock its 20th biggest position. Paragon Capital Management Inc.’s holdings in Carter’s were worth $1,899,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Wasatch Advisors LP bought a new position in Carter’s in the 1st quarter worth $45,011,000. RWWM Inc. bought a new position in Carter’s in the second quarter worth about $23,675,000. Pacer Advisors Inc. lifted its holdings in Carter’s by 44.4% in the second quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock worth $74,928,000 after buying an additional 371,681 shares during the period. AQR Capital Management LLC boosted its position in Carter’s by 50.7% during the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock valued at $34,212,000 after acquiring an additional 186,894 shares in the last quarter. Finally, Reinhart Partners LLC. boosted its position in Carter’s by 67.3% during the 2nd quarter. Reinhart Partners LLC. now owns 461,190 shares of the textile maker’s stock valued at $28,580,000 after acquiring an additional 185,458 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Bank of America lowered their target price on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company boosted their target price on shares of Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a report on Monday, September 9th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, Carter’s has a consensus rating of “Hold” and a consensus price target of $71.17.

Carter’s Stock Up 1.8 %

CRI stock opened at $67.30 on Thursday. The business has a 50 day moving average of $65.87 and a 200 day moving average of $66.47. The firm has a market cap of $2.46 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 3.86 and a beta of 1.23. Carter’s, Inc. has a twelve month low of $54.74 and a twelve month high of $88.03. 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 (NYSE:CRI) last released its earnings results on Friday, July 26th. The textile maker reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.31. The firm had revenue of $564.43 million for the quarter, compared to analysts’ expectations of $566.79 million. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. On average, research analysts forecast that Carter’s, Inc. will post 4.87 EPS for the current fiscal year.

Carter’s Announces Dividend

The company also recently disclosed 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 4.75%. Carter’s’s dividend payout ratio is currently 50.47%.

Carter’s Profile

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.