35,200 Carter’s, Inc. $CRI Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Carter’s, Inc. (NYSE:CRI) by 362.9% in the third quarter, Holdings Channel reports. The fund owned 44,900 shares of the textile maker’s stock after purchasing an additional 35,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Carter’s were worth $1,406,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. grew its holdings in shares of Carter’s by 13.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,532 shares of the textile maker’s stock valued at $267,000 after purchasing an additional 1,014 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Carter’s by 27.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,935 shares of the textile maker’s stock worth $186,000 after purchasing an additional 1,287 shares in the last quarter. IFP Advisors Inc increased its position in Carter’s by 16,840.0% during the 3rd quarter. IFP Advisors Inc now owns 847 shares of the textile maker’s stock worth $27,000 after purchasing an additional 842 shares in the last quarter. SummerHaven Investment Management LLC bought a new position in Carter’s in the 3rd quarter valued at approximately $387,000. Finally, Elevation Wealth Partners LLC lifted its stake in Carter’s by 3,889.3% in the 3rd quarter. Elevation Wealth Partners LLC now owns 1,117 shares of the textile maker’s stock valued at $35,000 after purchasing an additional 1,089 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Zacks Research lowered shares of Carter’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Needham & Company LLC reiterated a “hold” rating on shares of Carter’s in a report on Tuesday, October 20th. Wall Street Zen cut Carter’s from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 26th. Capital One Financial set a $40.00 price objective on Carter’s in a report on Tuesday, September 8th. Finally, Wells Fargo & Company cut their price objective on Carter’s from $42.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Carter’s has an average rating of “Hold” and an average price target of $38.62.

Carter’s Stock Performance

Shares of CRI stock opened at $33.70 on Thursday. The stock has a market capitalization of $1.24 billion, a PE ratio of 5.60, a PEG ratio of 3.59 and a beta of 0.85. The business’s 50 day simple moving average is $31.84 and its 200 day simple moving average is $36.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.78 and a quick ratio of 1.63. Carter’s, Inc. has a one year low of $27.86 and a one year high of $44.44.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Friday, October 30th. The textile maker reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.18. Carter’s had a net margin of 7.40% and a return on equity of 13.25%. The firm had revenue of $752.46 million during the quarter, compared to analyst estimates of $747.34 million. During the same quarter last year, the business earned $0.74 EPS. The company’s revenue was down .7% compared to the same quarter last year. As a group, research analysts forecast that Carter’s, Inc. will post 3.22 earnings per share for the current year.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.00 annualized dividend and a dividend yield of 3.0%. Carter’s’s dividend payout ratio is 16.61%.

About Carter’s

Carter’s, Inc (NYSE:CRI) is a major designer, source and marketer of apparel and related products for babies and young children. The company offers clothing, accessories, footwear, gifts and other products for infants, toddlers and children through brands including Carter’s, OshKosh B’gosh, Little Planet and Skip Hop.

Founded in 1865, Carter’s has built a long-standing presence in the children’s apparel market. Its products are sold through company-operated retail stores, e-commerce websites and wholesale partners, including department stores, mass merchants and specialty retailers.