Quantbot Technologies LP Raises Holdings in Carter’s, Inc. (NYSE:CRI)

Quantbot Technologies LP boosted its stake in shares of Carter’s, Inc. (NYSE:CRI) by 478.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,248 shares of the textile maker’s stock after buying an additional 63,070 shares during the period. Quantbot Technologies LP’s holdings in Carter’s were worth $4,725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CRI. Wasatch Advisors LP purchased a new position in shares of Carter’s in the 1st quarter worth approximately $45,011,000. Norges Bank purchased a new stake in shares of Carter’s during the 4th quarter valued at $31,193,000. Reinhart Partners LLC. boosted its position in shares of Carter’s by 67.3% in the 2nd quarter. Reinhart Partners LLC. now owns 461,190 shares of the textile maker’s stock worth $28,580,000 after purchasing an additional 185,458 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Carter’s by 189.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 265,680 shares of the textile maker’s stock worth $19,897,000 after buying an additional 173,855 shares during the last quarter. Finally, American Century Companies Inc. increased its position in Carter’s by 29.2% during the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock valued at $46,918,000 after buying an additional 170,960 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Bank of America dropped their price target on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock 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 stock an “equal weight” rating in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, Carter’s presently has an average rating of “Hold” and an average price target of $71.17.

Carter’s Price Performance

Shares of NYSE CRI opened at $70.08 on Tuesday. Carter’s, Inc. has a 52 week low of $54.74 and a 52 week 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. The firm has a market cap of $2.53 billion, a P/E ratio of 11.05, a P/E/G ratio of 4.35 and a beta of 1.23. The business’s 50 day moving average price is $63.87 and its 200 day moving average price is $69.21.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Friday, July 26th. The textile maker reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.31. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. The firm had revenue of $564.43 million for the quarter, compared to analyst estimates of $566.79 million. On average, sell-side analysts expect that Carter’s, Inc. will post 4.9 earnings per share for the current year.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.20 annualized dividend and a dividend yield of 4.57%. Carter’s’s dividend payout ratio (DPR) is presently 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.