Scientech Research LLC Sells 2,233 Shares of Carter’s, Inc. (NYSE:CRI)

Scientech Research LLC lowered its stake in shares of Carter’s, Inc. (NYSE:CRI) by 37.1% in the second quarter, Holdings Channel reports. The institutional investor owned 3,782 shares of the textile maker’s stock after selling 2,233 shares during the period. Scientech Research LLC’s holdings in Carter’s were worth $234,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State of Michigan Retirement System lifted its stake in shares of Carter’s by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 9,029 shares of the textile maker’s stock worth $765,000 after purchasing an additional 200 shares during the last quarter. Quantbot Technologies LP raised its holdings in Carter’s by 2.3% in the first quarter. Quantbot Technologies LP now owns 13,178 shares of the textile maker’s stock worth $1,116,000 after purchasing an additional 302 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of Carter’s by 67.6% during the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock valued at $53,000 after buying an additional 346 shares during the last quarter. Dean Capital Management boosted its holdings in shares of Carter’s by 2.3% in the 4th quarter. Dean Capital Management now owns 15,762 shares of the textile maker’s stock valued at $1,180,000 after buying an additional 356 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its position in shares of Carter’s by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 32,229 shares of the textile maker’s stock worth $2,729,000 after buying an additional 432 shares during the last quarter.

Carter’s Trading Down 2.5 %

NYSE CRI opened at $64.98 on Tuesday. Carter’s, Inc. has a 12-month low of $54.74 and a 12-month high of $88.03. The company has a fifty day simple moving average of $64.97 and a two-hundred day simple moving average of $68.08. 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 stock has a market cap of $2.37 billion, a P/E ratio of 10.25, a P/E/G ratio of 4.19 and a beta of 1.23.

Carter’s (NYSE:CRI) last issued its 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. The company had revenue of $564.43 million during the quarter, compared to analyst estimates of $566.79 million. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. On average, analysts forecast that Carter’s, Inc. will post 4.9 earnings per share for the current year.

Carter’s Announces Dividend

The firm also recently declared 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 was Tuesday, August 27th. This represents a $3.20 annualized dividend and a yield of 4.92%. Carter’s’s dividend payout ratio (DPR) is presently 50.47%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CRI shares. Bank of America decreased their target price on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research report on Monday, July 29th. Wells Fargo & Company raised 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 research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $71.17.

About Carter’s

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.