2,726 Shares in Carter’s, Inc. (NYSE:CRI) Acquired by Stevens Capital Management LP

Stevens Capital Management LP purchased a new stake in Carter’s, Inc. (NYSE:CRI) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,726 shares of the textile maker’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Carter’s by 28.6% during the fourth quarter. Blue Trust Inc. now owns 630 shares of the textile maker’s stock worth $44,000 after acquiring an additional 140 shares during the last quarter. Seven Eight Capital LP acquired a new stake in Carter’s during the 3rd quarter valued at approximately $234,000. Campbell & CO Investment Adviser LLC bought a new position in Carter’s during the 3rd quarter worth approximately $236,000. Truvestments Capital LLC raised its holdings in Carter’s by 24.3% during the 3rd quarter. Truvestments Capital LLC now owns 3,594 shares of the textile maker’s stock worth $249,000 after purchasing an additional 703 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in shares of Carter’s in the 3rd quarter worth approximately $259,000.

Insider Buying and Selling at Carter’s

In other news, Director Mark Hipp sold 1,875 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $81.74, for a total value of $153,262.50. Following the completion of the sale, the director now directly owns 10,216 shares of the company’s stock, valued at $835,055.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.30% of the company’s stock.

Carter’s Stock Down 2.2 %

Shares of NYSE:CRI traded down $1.55 during trading on Friday, reaching $70.01. 1,722,308 shares of the stock were exchanged, compared to its average volume of 790,624. Carter’s, Inc. has a 1-year low of $60.65 and a 1-year high of $88.03. The stock has a fifty day moving average of $79.96 and a two-hundred day moving average of $74.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.15 and a quick ratio of 1.10. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 11.17, a price-to-earnings-growth ratio of 2.12 and a beta of 1.29.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Tuesday, February 27th. The textile maker reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.24. Carter’s had a net margin of 7.89% and a return on equity of 28.79%. The business had revenue of $858.00 million during the quarter, compared to analyst estimates of $867.81 million. During the same quarter in the previous year, the business posted $2.29 EPS. Carter’s’s quarterly revenue was down 5.9% on a year-over-year basis. Research analysts anticipate that Carter’s, Inc. will post 6.52 earnings per share for the current fiscal year.

Carter’s Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were given a $0.80 dividend. This is a boost from Carter’s’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, March 8th. This represents a $3.20 annualized dividend and a yield of 4.57%. Carter’s’s dividend payout ratio (DPR) is presently 51.04%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRI. UBS Group lifted their target price on shares of Carter’s from $76.00 to $79.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 28th. StockNews.com downgraded Carter’s from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Monness Crespi & Hardt lowered Carter’s from a “buy” rating to a “neutral” rating in a research report on Monday, February 26th. Wells Fargo & Company lowered their price objective on shares of Carter’s from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Wedbush boosted their target price on shares of Carter’s from $67.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, Carter’s has a consensus rating of “Hold” and an average price target of $73.80.

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.