Maryland State Retirement & Pension System Takes $768,000 Position in Carter’s, Inc. (NYSE:CRI)

Maryland State Retirement & Pension System bought a new position in shares of Carter’s, Inc. (NYSE:CRI) during the 4th quarter, HoldingsChannel reports. The firm bought 14,180 shares of the textile maker’s stock, valued at approximately $768,000.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in shares of Carter’s by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 270 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Carter’s by 2,112.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock worth $29,000 after buying an additional 507 shares during the period. Venturi Wealth Management LLC boosted its position in Carter’s by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 268 shares in the last quarter. Truvestments Capital LLC purchased a new position in shares of Carter’s in the 3rd quarter valued at $74,000. Finally, AlphaQuest LLC raised its position in shares of Carter’s by 16,314.3% in the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker’s stock worth $62,000 after acquiring an additional 1,142 shares in the last quarter.

Carter’s Price Performance

Shares of NYSE CRI opened at $42.68 on Tuesday. Carter’s, Inc. has a fifty-two week low of $38.84 and a fifty-two week high of $86.24. The company has a market cap of $1.54 billion, a PE ratio of 6.77, a P/E/G ratio of 3.37 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The business has a 50-day simple moving average of $48.30 and a two-hundred day simple moving average of $55.13.

Carter’s (NYSE:CRI) last released its earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.52. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The company had revenue of $859.70 million during the quarter, compared to analysts’ expectations of $835.82 million. During the same period last year, the business earned $2.76 EPS. Carter’s’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts expect that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a yield of 7.50%. Carter’s’s dividend payout ratio is currently 62.62%.

Analysts Set New Price Targets

CRI has been the topic of a number of recent research reports. Citigroup dropped their price objective on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company cut their price objective on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Finally, UBS Group decreased their target price on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $49.00.

About Carter’s

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.