Louisiana State Employees Retirement System Makes New $579,000 Investment in Carter’s, Inc. $CRI

Louisiana State Employees Retirement System purchased a new stake in shares of Carter’s, Inc. (NYSE:CRI) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,200 shares of the textile maker’s stock, valued at approximately $579,000.

Several other institutional investors also recently modified their holdings of CRI. Corient Private Wealth LLC lifted its stake in Carter’s by 66.5% during the 4th quarter. Corient Private Wealth LLC now owns 19,349 shares of the textile maker’s stock valued at $627,000 after acquiring an additional 7,728 shares during the period. Kera Capital Partners Inc. bought a new stake in shares of Carter’s in the fourth quarter worth approximately $298,000. Invesco Ltd. raised its holdings in shares of Carter’s by 23.0% during the fourth quarter. Invesco Ltd. now owns 268,789 shares of the textile maker’s stock valued at $8,717,000 after purchasing an additional 50,243 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Carter’s by 2.1% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,279 shares of the textile maker’s stock valued at $982,000 after purchasing an additional 629 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Carter’s during the fourth quarter valued at approximately $331,000.

Carter’s Trading Up 2.0%

Shares of NYSE:CRI opened at $39.87 on Wednesday. The stock has a 50 day moving average of $38.77 and a 200 day moving average of $36.94. The company has a market cap of $1.47 billion, a PE ratio of 16.08 and a beta of 0.86. Carter’s, Inc. has a 12-month low of $23.38 and a 12-month high of $44.44. The company has a current ratio of 2.80, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61.

Carter’s (NYSE:CRI) last released its earnings results on Wednesday, May 6th. The textile maker reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.26. Carter’s had a net margin of 3.07% and a return on equity of 13.06%. The company had revenue of $681.11 million for the quarter, compared to analysts’ expectations of $660.59 million. During the same quarter last year, the business earned $0.66 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Carter’s has set its Q2 2026 guidance at 0.020-0.060 EPS. As a group, equities research analysts expect that Carter’s, Inc. will post 3.09 EPS for the current year.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Tuesday, May 26th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, May 26th. Carter’s’s dividend payout ratio (DPR) is presently 40.32%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CRI. Zacks Research cut shares of Carter’s from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings cut Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Wells Fargo & Company upgraded Carter’s from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $30.00 to $42.00 in a research note on Wednesday, June 17th. Needham & Company LLC initiated coverage on Carter’s in a report on Thursday, March 26th. They issued a “hold” rating for the company. Finally, UBS Group upped their price objective on Carter’s from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Carter’s presently has an average rating of “Hold” and an average target price of $41.17.

About Carter’s

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.