Hsbc Holdings PLC Has $410,000 Stock Position in Carter’s, Inc. (NYSE:CRI)

Hsbc Holdings PLC boosted its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 28.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,619 shares of the textile maker’s stock after buying an additional 1,458 shares during the quarter. Hsbc Holdings PLC’s holdings in Carter’s were worth $410,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gladius Capital Management LP acquired a new position in shares of Carter’s during the 2nd quarter worth approximately $30,000. Ables Iannone Moore & Associates Inc. bought a new position in Carter’s during the fourth quarter worth $37,000. CWM LLC increased its holdings in shares of Carter’s by 431.3% in the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock valued at $37,000 after purchasing an additional 483 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Carter’s by 457.2% in the fourth quarter. Parallel Advisors LLC now owns 808 shares of the textile maker’s stock valued at $61,000 after purchasing an additional 663 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of Carter’s during the 1st quarter worth about $77,000.

Carter’s Stock Performance

NYSE CRI opened at $65.89 on Wednesday. Carter’s, Inc. has a 12-month low of $54.74 and a 12-month high of $88.03. The firm has a 50-day moving average price of $65.08 and a two-hundred day moving average price of $67.94. The company has a market capitalization of $2.40 billion, a P/E ratio of 10.39, a P/E/G ratio of 4.19 and a beta of 1.23. The company has a quick ratio of 0.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.61.

Carter’s (NYSE:CRI) last issued its quarterly 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 business had revenue of $564.43 million for the quarter, compared to the consensus estimate of $566.79 million. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. Analysts anticipate that Carter’s, Inc. will post 4.9 earnings per share for the current year.

Carter’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were paid a dividend of $0.80 per share. The ex-dividend date was Tuesday, August 27th. This represents a $3.20 dividend on an annualized basis and a yield of 4.86%. Carter’s’s payout ratio is 50.47%.

Wall Street Analysts Forecast Growth

CRI has been the topic of a number of research reports. Wells Fargo & Company upped their price target on shares of 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 decreased their target price on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a research report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat, Carter’s has a consensus rating of “Hold” and a consensus price target of $71.17.

Carter’s 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.