QRG Capital Management Inc. Invests $531,000 in Carter’s, Inc. $CRI

QRG Capital Management Inc. bought a new position in shares of Carter’s, Inc. (NYSE:CRI) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,805 shares of the textile maker’s stock, valued at approximately $531,000.

A number of other large investors also recently bought and sold shares of the stock. Signaturefd LLC grew its stake in shares of Carter’s by 269.0% during the 2nd quarter. Signaturefd LLC now owns 1,000 shares of the textile maker’s stock worth $30,000 after purchasing an additional 729 shares during the period. Versant Capital Management Inc grew its position in Carter’s by 135.4% during the third quarter. Versant Capital Management Inc now owns 1,415 shares of the textile maker’s stock valued at $40,000 after buying an additional 814 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Carter’s by 202.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker’s stock valued at $45,000 after buying an additional 995 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Carter’s in the second quarter valued at $110,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Carter’s by 217.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,805 shares of the textile maker’s stock worth $175,000 after acquiring an additional 3,977 shares during the period.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Barclays raised their target price on Carter’s from $23.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. UBS Group raised their price objective on Carter’s from $26.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Carter’s in a research note on Friday, January 9th. Zacks Research upgraded Carter’s from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Wall Street Zen raised shares of Carter’s from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $32.60.

Carter’s Stock Down 0.9%

NYSE CRI opened at $37.82 on Friday. The business has a fifty day moving average price of $32.87 and a 200 day moving average price of $30.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.95 and a current ratio of 2.26. The company has a market cap of $1.38 billion, a P/E ratio of 15.31 and a beta of 1.07. Carter’s, Inc. has a one year low of $23.38 and a one year high of $55.71.

Carter’s (NYSE:CRI) last announced its earnings results on Monday, October 27th. The textile maker reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.04). The business had revenue of $757.84 million for the quarter, compared to analyst estimates of $760.11 million. Carter’s had a return on equity of 16.71% and a net margin of 3.15%.The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period last year, the firm earned $1.64 EPS. Research analysts anticipate that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Monday, November 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, November 24th. Carter’s’s dividend payout ratio is currently 40.49%.

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.