Teacher Retirement System of Texas Has $215,000 Stake in Carter’s, Inc. (NYSE:CRI)

Teacher Retirement System of Texas decreased its holdings in Carter’s, Inc. (NYSE:CRI) by 54.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,268 shares of the textile maker’s stock after selling 6,192 shares during the quarter. Teacher Retirement System of Texas’ holdings in Carter’s were worth $215,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRI. Mirae Asset Global Investments Co. Ltd. increased its position 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 purchasing an additional 3,243 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new position in Carter’s during the 1st quarter worth approximately $733,000. Robeco Institutional Asset Management B.V. increased its position in Carter’s by 8.9% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 126,606 shares of the textile maker’s stock worth $5,178,000 after purchasing an additional 10,328 shares in the last quarter. Security National Bank acquired a new position in Carter’s during the 1st quarter worth approximately $69,000. Finally, Lecap Asset Management Ltd. acquired a new position in Carter’s during the 1st quarter worth approximately $488,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group reduced their target price on shares of Carter’s from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Barclays assumed coverage on shares of Carter’s in a report on Monday, April 28th. They set an “underweight” rating and a $25.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price 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. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Carter’s currently has an average rating of “Reduce” and a consensus price target of $36.80.

Carter’s Stock Performance

CRI opened at $30.45 on Friday. The company has a current ratio of 2.56, a quick ratio of 1.40 and a debt-to-equity ratio of 0.59. The company’s fifty day moving average price is $32.10 and its two-hundred day moving average price is $39.98. Carter’s, Inc. has a 1-year low of $29.36 and a 1-year high of $71.99. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 6.74 and a beta of 0.98.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.13. Carter’s had a net margin of 5.80% and a return on equity of 23.50%. The firm had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. During the same quarter in the prior year, the company posted $0.98 earnings per share. The business’s revenue was down 4.8% on a year-over-year basis. On average, analysts expect that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, June 3rd were issued a dividend of $0.25 per share. This represents a yield of 3.19%. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase from Carter’s’s previous dividend of $0.22. Carter’s’s dividend payout ratio (DPR) is 22.12%.

Carter’s 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.