Blueshift Asset Management LLC Purchases New Stake in Carter's, Inc. (NYSE:CRI)

Blueshift Asset Management LLC bought a new position in shares of Carter's, Inc. (NYSE:CRI - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 19,074 shares of the textile maker's stock, valued at approximately $780,000. Blueshift Asset Management LLC owned about 0.05% of Carter's at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CRI. LPL Financial LLC grew its holdings in Carter's by 30.0% during the 4th quarter. LPL Financial LLC now owns 5,139 shares of the textile maker's stock worth $278,000 after acquiring an additional 1,187 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Carter's by 10.4% in the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock valued at $211,100,000 after purchasing an additional 366,293 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Carter's by 199.0% in the 4th quarter. Prudential Financial Inc. now owns 35,888 shares of the textile maker's stock valued at $1,896,000 after purchasing an additional 23,885 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Carter's in the 4th quarter valued at $54,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Carter's by 165.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 209,868 shares of the textile maker's stock valued at $11,373,000 after purchasing an additional 130,930 shares during the last quarter.

Analysts Set New Price Targets

CRI has been the topic of several research analyst reports. Barclays cut their target price on shares of Carter's from $25.00 to $22.00 and set an "underweight" rating on the stock in a research note on Tuesday, July 29th. UBS Group cut their target price on shares of Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Finally, Wells Fargo & Company upped their price objective on shares of Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a report on Wednesday, May 14th.

Carter's Stock Up 0.3%

CRI traded up $0.07 during trading on Monday, hitting $23.72. 290,078 shares of the company's stock were exchanged, compared to its average volume of 1,559,088. The company has a quick ratio of 1.03, a current ratio of 2.20 and a debt-to-equity ratio of 0.58. The business's 50 day moving average is $30.76 and its two-hundred day moving average is $38.15. Carter's, Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $71.99. The stock has a market cap of $864.19 million, a P/E ratio of 6.30 and a beta of 0.99.

Carter's (NYSE:CRI - Get Free Report) last announced its earnings results on Friday, July 25th. The textile maker reported $0.17 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.26). The firm had revenue of $585.31 million during the quarter, compared to analysts' expectations of $563.24 million. Carter's had a net margin of 4.79% and a return on equity of 20.68%. The business's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.76 EPS. As a group, equities analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, June 3rd were given a dividend of $0.25 per share. The ex-dividend date was Monday, June 2nd. This is an increase from Carter's's previous dividend of $0.22. This represents a yield of 319.0%. Carter's's dividend payout ratio (DPR) is currently 26.53%.

Carter's Company 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.