Carter’s, Inc. (NYSE:CRI) Shares Bought by AlphaQuest LLC

AlphaQuest LLC raised its position in Carter’s, Inc. (NYSE:CRI) by 16,314.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,149 shares of the textile maker’s stock after acquiring an additional 1,142 shares during the quarter. AlphaQuest LLC’s holdings in Carter’s were worth $62,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CRI. Jones Financial Companies Lllp grew its position in shares of Carter’s by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after buying an additional 270 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Carter’s by 36.9% during the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after buying an additional 268 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Carter’s during the third quarter worth approximately $74,000. GAMMA Investing LLC grew its position in shares of Carter’s by 258.0% during the fourth quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock worth $79,000 after buying an additional 1,045 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its position in shares of Carter’s by 8,394.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,614 shares of the textile maker’s stock worth $87,000 after buying an additional 1,595 shares in the last quarter.

Carter’s Stock Performance

Carter’s stock opened at $40.35 on Thursday. The company has a market cap of $1.45 billion, a PE ratio of 6.41, a P/E/G ratio of 3.37 and a beta of 1.24. The company has a fifty day moving average price of $48.93 and a two-hundred day moving average price of $55.75. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter’s, Inc. has a 12 month low of $38.84 and a 12 month high of $86.24.

Carter’s (NYSE:CRI) last posted its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.52. The company had revenue of $859.70 million for the quarter, compared to analysts’ expectations of $835.82 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $2.76 earnings per share. Research analysts expect that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 7.93%. The ex-dividend date is Monday, March 10th. Carter’s’s payout ratio is 62.62%.

Wall Street Analysts Forecast Growth

CRI has been the subject of a number of recent analyst reports. UBS Group decreased their price target on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Wells Fargo & Company decreased their price objective on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Finally, Citigroup decreased their price objective on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $49.00.

Carter’s Profile

Carter’s, Inc engages in the business of brand marketing of young children’s apparel. It operates through the following segments: the United States (US) Retail, US Wholesale, and International. The US Retail segment includes selling products through retail stores and ecommerce websites. The US Wholesale segment focuses on wholesale partners.