Canada Pension Plan Investment Board Raises Stock Holdings in Carter’s, Inc. (NYSE:CRI)

Canada Pension Plan Investment Board lifted its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 19,200.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,300 shares of the textile maker’s stock after buying an additional 19,200 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.05% of Carter’s worth $1,196,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Carter’s by 11.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock worth $65,868,000 after buying an additional 112,947 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Carter’s by 29.2% in the second quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock worth $46,918,000 after acquiring an additional 170,960 shares during the last quarter. Wasatch Advisors LP purchased a new stake in shares of Carter’s during the first quarter worth approximately $45,011,000. Reinhart Partners LLC. raised its stake in Carter’s by 67.3% in the 2nd quarter. Reinhart Partners LLC. now owns 461,190 shares of the textile maker’s stock valued at $28,580,000 after purchasing an additional 185,458 shares during the last quarter. Finally, Norges Bank purchased a new position in Carter’s in the 4th quarter valued at $31,193,000.

Carter’s Price Performance

Carter’s stock opened at $66.66 on Friday. The company has a current ratio of 2.09, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The company has a 50-day moving average price of $64.91 and a 200 day moving average price of $68.48. Carter’s, Inc. has a 12-month low of $54.74 and a 12-month high of $88.03. The stock has a market cap of $2.43 billion, a P/E ratio of 10.51, a PEG ratio of 4.19 and a beta of 1.23.

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

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s dividend payout ratio (DPR) is presently 50.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CRI shares. Bank of America dropped their target price on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a report on Monday, July 29th. Wells Fargo & Company increased their price objective on shares of Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a report on Monday, September 9th. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, Carter’s has a consensus rating of “Hold” and a consensus price target of $71.17.

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.