State of New Jersey Common Pension Fund D Has $2.78 Million Position in Carter’s, Inc. (NYSE:CRI)

State of New Jersey Common Pension Fund D grew its holdings in Carter’s, Inc. (NYSE:CRI) by 5.8% during the 4th quarter, HoldingsChannel reports. The firm owned 37,179 shares of the textile maker’s stock after acquiring an additional 2,025 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Carter’s were worth $2,784,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of Carter’s by 5.5% in the third quarter. Bank of New York Mellon Corp now owns 1,713,889 shares of the textile maker’s stock valued at $118,515,000 after buying an additional 90,094 shares during the period. Boston Trust Walden Corp raised its stake in shares of Carter’s by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,135,092 shares of the textile maker’s stock valued at $85,007,000 after acquiring an additional 3,570 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Carter’s by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 864,732 shares of the textile maker’s stock valued at $59,796,000 after acquiring an additional 19,495 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Carter’s by 59.3% in the fourth quarter. Pacer Advisors Inc. now owns 632,671 shares of the textile maker’s stock valued at $47,381,000 after acquiring an additional 235,431 shares during the last quarter. Finally, Reinhart Partners LLC. raised its stake in shares of Carter’s by 11.7% in the fourth quarter. Reinhart Partners LLC. now owns 626,380 shares of the textile maker’s stock valued at $46,910,000 after acquiring an additional 65,703 shares during the last quarter.

Wall Street Analyst Weigh In

CRI has been the subject of a number of research reports. Monness Crespi & Hardt lowered shares of Carter’s from a “buy” rating to a “neutral” rating in a report on Monday, February 26th. StockNews.com lowered shares of Carter’s from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Evercore ISI raised their price target on shares of Carter’s from $70.00 to $80.00 and gave the company an “in-line” rating in a report on Wednesday, February 28th. Wells Fargo & Company lowered their price target on shares of Carter’s from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Wednesday, April 24th. Finally, UBS Group raised their price target on shares of Carter’s from $76.00 to $79.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.80.

Insider Activity

In other news, Director Mark Hipp sold 1,875 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $81.74, for a total value of $153,262.50. Following the completion of the transaction, the director now owns 10,216 shares of the company’s stock, valued at approximately $835,055.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.30% of the stock is owned by company insiders.

Carter’s Price Performance

CRI opened at $70.44 on Tuesday. The company has a fifty day moving average price of $79.51 and a two-hundred day moving average price of $74.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 2.43. Carter’s, Inc. has a 52 week low of $60.65 and a 52 week high of $88.03. The firm has a market capitalization of $2.58 billion, a PE ratio of 11.11, a P/E/G ratio of 2.11 and a beta of 1.29.

Carter’s (NYSE:CRI) last released its earnings results on Tuesday, February 27th. The textile maker reported $2.76 EPS for the quarter, topping analysts’ consensus estimates of $2.52 by $0.24. Carter’s had a net margin of 8.06% and a return on equity of 28.55%. The firm had revenue of $858.00 million during the quarter, compared to analyst estimates of $867.81 million. During the same quarter in the previous year, the business earned $2.29 EPS. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, analysts anticipate that Carter’s, Inc. will post 6.3 earnings per share for the current year.

Carter’s Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Monday, March 11th were issued a $0.80 dividend. This is a positive change from Carter’s’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 8th. This represents a $3.20 annualized dividend and a dividend yield of 4.54%. Carter’s’s payout ratio is 50.47%.

Carter’s Company 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.