Algert Global LLC Invests $227,000 in Carter’s, Inc. (NYSE:CRI)

Algert Global LLC purchased a new position in Carter’s, Inc. (NYSE:CRI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,671 shares of the textile maker’s stock, valued at approximately $227,000.

Several other hedge funds have also recently modified their holdings of the stock. Brevan Howard Capital Management LP purchased a new position in shares of Carter’s in the fourth quarter worth about $1,670,000. Goldman Sachs Group Inc. lifted its stake in Carter’s by 189.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 265,680 shares of the textile maker’s stock valued at $19,897,000 after acquiring an additional 173,855 shares during the period. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Carter’s in the 4th quarter valued at $37,000. Quadrature Capital Ltd acquired a new stake in shares of Carter’s in the fourth quarter worth $580,000. Finally, Park Avenue Securities LLC acquired a new position in Carter’s during the first quarter valued at $208,000.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Bank of America reduced their price objective 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. Wells Fargo & Company upped their price objective on Carter’s from $60.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Monday, September 9th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $71.17.

Carter’s Stock Down 0.8 %

CRI opened at $60.72 on Thursday. The company has a market cap of $2.22 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 4.19 and a beta of 1.23. Carter’s, Inc. has a twelve month low of $54.74 and a twelve month high of $88.03. The company has a 50-day moving average price of $65.44 and a 200 day moving average price of $67.15. The company has a quick ratio of 0.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.61.

Carter’s (NYSE:CRI) last announced its earnings results on Friday, July 26th. The textile maker reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.31. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. The business had revenue of $564.43 million during the quarter, compared to analysts’ expectations of $566.79 million. Sell-side analysts expect that Carter’s, Inc. will post 4.9 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend was Tuesday, August 27th. 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.