Lecap Asset Management Ltd. Increases Stock Holdings in Carter’s, Inc. (NYSE:CRI)

Lecap Asset Management Ltd. boosted its position in shares of Carter’s, Inc. (NYSE:CRI) by 25.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,572 shares of the textile maker’s stock after acquiring an additional 3,118 shares during the period. Lecap Asset Management Ltd.’s holdings in Carter’s were worth $1,012,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in Carter’s by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock valued at $65,868,000 after buying an additional 112,947 shares during the period. American Century Companies Inc. raised 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 purchasing an additional 170,960 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Carter’s by 50.7% in the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock worth $34,212,000 after purchasing an additional 186,894 shares during the period. Finally, Wasatch Advisors LP bought a new stake in shares of Carter’s during the first quarter valued at approximately $45,011,000.

Carter’s Price Performance

Carter’s stock opened at $65.52 on Thursday. The firm’s fifty day moving average is $66.23 and its 200 day moving average is $66.00. 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 company has a market cap of $2.39 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 3.86 and a beta of 1.23.

Carter’s (NYSE:CRI) last announced 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 during 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%. Sell-side analysts forecast that Carter’s, Inc. will post 4.87 EPS for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s payout ratio is currently 50.47%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company increased their price target 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. Bank of America cut their price target 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. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, Carter’s has a consensus rating of “Hold” and a consensus target price of $71.17.

About Carter’s

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.