Public Sector Pension Investment Board Boosts Position in Carter's, Inc. $CRI

Public Sector Pension Investment Board lifted its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 27.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,247 shares of the textile maker's stock after purchasing an additional 24,447 shares during the quarter. Public Sector Pension Investment Board owned 0.31% of Carter's worth $4,673,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Carter's by 38.2% during the 1st quarter. GAMMA Investing LLC now owns 2,004 shares of the textile maker's stock worth $82,000 after acquiring an additional 554 shares during the last quarter. Aigen Investment Management LP bought a new stake in Carter's during the 1st quarter worth approximately $1,526,000. Blueshift Asset Management LLC bought a new stake in Carter's during the 1st quarter worth approximately $780,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Carter's by 12.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,790 shares of the textile maker's stock worth $1,205,000 after acquiring an additional 3,243 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new stake in Carter's during the 1st quarter worth approximately $1,199,000.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRI. Zacks Research lowered shares of Carter's from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. Wells Fargo & Company boosted their price target on shares of Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 14th. Barclays dropped their price target on shares of Carter's from $25.00 to $22.00 and set an "underweight" rating on the stock in a research report on Tuesday, July 29th. Finally, UBS Group dropped their price target on shares of Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Strong Sell" and a consensus target price of $30.25.

Carter's Trading Up 5.8%

Carter's stock traded up $1.4620 during mid-day trading on Friday, hitting $26.7820. 280,945 shares of the stock were exchanged, compared to its average volume of 1,534,230. The stock has a market capitalization of $975.72 million, a price-to-earnings ratio of 7.10 and a beta of 0.99. Carter's, Inc. has a 12 month low of $23.38 and a 12 month high of $71.99. 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 firm's fifty day simple moving average is $28.95 and its two-hundred day simple moving average is $35.61.

Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $585.31 million for the quarter, compared to analyst estimates of $563.24 million. Carter's had a return on equity of 20.68% and a net margin of 4.79%.The business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. Analysts forecast that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.7%. Carter's's dividend payout ratio (DPR) is presently 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.