Zurcher Kantonalbank Zurich Cantonalbank Purchases 1,734 Shares of Carter’s, Inc. (NYSE:CRI)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Carter’s, Inc. (NYSE:CRI) by 23.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,243 shares of the textile maker’s stock after purchasing an additional 1,734 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Carter’s were worth $378,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Carter’s by 38.2% in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Carter’s by 12.2% in 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 in the last quarter. Royce & Associates LP purchased a new stake in Carter’s in the 1st quarter worth approximately $588,000. Allianz Asset Management GmbH increased its holdings in Carter’s by 6.8% in the 1st quarter. Allianz Asset Management GmbH now owns 631,557 shares of the textile maker’s stock worth $25,831,000 after acquiring an additional 40,311 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its holdings in Carter’s by 20.8% in the 1st quarter. Crossmark Global Holdings Inc. now owns 7,170 shares of the textile maker’s stock worth $293,000 after acquiring an additional 1,234 shares in the last quarter.

Carter’s Stock Down 1.2%

NYSE CRI opened at $25.38 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 2.20. The company has a market capitalization of $924.59 million, a P/E ratio of 6.73 and a beta of 0.99. Carter’s, Inc. has a one year low of $23.38 and a one year high of $71.99. The stock has a 50 day moving average price of $30.07 and a 200-day moving average price of $37.38.

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

Carter’s Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 20th. Shareholders of record on Tuesday, June 3rd were paid a $0.25 dividend. The ex-dividend date was Monday, June 2nd. This is a positive change from Carter’s’s previous dividend of $0.22. This represents a yield of 319.0%. Carter’s’s payout ratio is 26.53%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group cut their price objective on shares of Carter’s from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Barclays cut their price objective on shares of Carter’s from $25.00 to $22.00 and set an “underweight” rating for the company in a report on Tuesday, July 29th. Finally, Wells Fargo & Company increased their price objective on shares of Carter’s from $25.00 to $28.00 and gave the company an “underweight” rating in a report on Wednesday, May 14th.

About Carter’s

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.