Sanctuary Advisors LLC Purchases New Holdings in Carter’s, Inc. (NYSE:CRI)

Sanctuary Advisors LLC purchased a new stake in Carter’s, Inc. (NYSE:CRI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,720 shares of the textile maker’s stock, valued at approximately $231,000.

Several other institutional investors have also made changes to their positions in the stock. Creative Planning bought a new stake in shares of Carter’s in the second quarter valued at approximately $294,000. Algert Global LLC bought a new stake in Carter’s during the second quarter worth $227,000. Dark Forest Capital Management LP bought a new stake in Carter’s during the second quarter worth $2,730,000. AQR Capital Management LLC lifted its stake in Carter’s by 50.7% during the second 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 last quarter. Finally, Abich Financial Wealth Management LLC lifted its stake in Carter’s by 67.6% during the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after purchasing an additional 346 shares during the last quarter.

Analysts Set New Price Targets

CRI has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on Carter’s from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, September 9th. Bank of America cut their target price 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 investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $71.17.

Carter’s Stock Up 0.8 %

Shares of CRI opened at $67.48 on Friday. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 3.86 and a beta of 1.23. Carter’s, Inc. has a 52 week low of $54.74 and a 52 week high of $88.03. The stock has a fifty day moving average of $66.06 and a 200-day moving average of $66.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 2.09.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Friday, July 26th. The textile maker reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.31. The business had revenue of $564.43 million during the quarter, compared to the consensus estimate of $566.79 million. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. As a group, sell-side analysts anticipate that Carter’s, Inc. will post 4.87 earnings per share for the current fiscal year.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.20 dividend on an annualized basis and a yield of 4.74%. Carter’s’s payout ratio is 50.47%.

Carter’s 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.