Scientech Research LLC Decreases Stake in Carter’s, Inc. (NYSE:CRI)

Scientech Research LLC lessened its position in shares of Carter’s, Inc. (NYSE:CRI) by 37.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,782 shares of the textile maker’s stock after selling 2,233 shares during the quarter. Scientech Research LLC’s holdings in Carter’s were worth $234,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CRI. State of Michigan Retirement System grew its holdings in shares of Carter’s by 2.3% in the first quarter. State of Michigan Retirement System now owns 9,029 shares of the textile maker’s stock valued at $765,000 after purchasing an additional 200 shares in the last quarter. Quantbot Technologies LP increased its holdings in shares of Carter’s by 2.3% in the 1st quarter. Quantbot Technologies LP now owns 13,178 shares of the textile maker’s stock worth $1,116,000 after buying an additional 302 shares during the last quarter. Abich Financial Wealth Management LLC raised its position in shares of Carter’s by 67.6% during the 2nd 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 in the last quarter. Dean Capital Management lifted 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 acquiring an additional 356 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its position in Carter’s by 1.4% in the first quarter. Texas Permanent School Fund Corp now owns 32,229 shares of the textile maker’s stock worth $2,729,000 after acquiring an additional 432 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wells Fargo & Company raised their price objective on Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a research note on Monday, September 9th. Bank of America lowered their price target on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research report on Monday, July 29th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $71.17.

Carter’s Stock Performance

Shares of Carter’s stock opened at $64.98 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average is $64.97 and its two-hundred day moving average is $68.08. Carter’s, Inc. has a 52 week low of $54.74 and a 52 week high of $88.03. The company has a market capitalization of $2.37 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 4.19 and a beta of 1.23.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Friday, July 26th. The textile maker reported $0.76 EPS for the quarter, topping the consensus estimate of $0.45 by $0.31. The company had revenue of $564.43 million for the quarter, compared to the consensus estimate of $566.79 million. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. As a group, analysts expect that Carter’s, Inc. will post 4.9 earnings per share for the current year.

Carter’s Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 4.92%. Carter’s’s payout ratio is 50.47%.

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.