Cwm LLC Purchases 8,768 Shares of Carter’s, Inc. $CRI

Cwm LLC lifted its position in shares of Carter’s, Inc. (NYSE:CRI) by 90.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,452 shares of the textile maker’s stock after acquiring an additional 8,768 shares during the period. Cwm LLC owned approximately 0.05% of Carter’s worth $556,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CRI. Allworth Financial LP increased its position in shares of Carter’s by 313.1% during the first quarter. Allworth Financial LP now owns 723 shares of the textile maker’s stock valued at $28,000 after acquiring an additional 548 shares in the last quarter. Signaturefd LLC increased its position in shares of Carter’s by 269.0% during the second quarter. Signaturefd LLC now owns 1,000 shares of the textile maker’s stock valued at $30,000 after acquiring an additional 729 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Carter’s during the first quarter valued at approximately $58,000. US Bancorp DE increased its position in shares of Carter’s by 45.0% during the first quarter. US Bancorp DE now owns 1,408 shares of the textile maker’s stock valued at $58,000 after acquiring an additional 437 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Carter’s by 38.2% during the first quarter. GAMMA Investing LLC now owns 2,004 shares of the textile maker’s stock valued at $82,000 after acquiring an additional 554 shares in the last quarter.

Carter’s Trading Up 1.8%

Shares of Carter’s stock opened at $32.36 on Friday. The company’s fifty day simple moving average is $29.18 and its 200-day simple moving average is $30.93. The stock has a market capitalization of $1.18 billion, a PE ratio of 8.58 and a beta of 1.07. Carter’s, Inc. has a 1-year low of $23.38 and a 1-year high of $64.12. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.20 and a quick ratio of 1.03.

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

Carter’s Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, August 26th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, August 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. Carter’s’s payout ratio is 26.53%.

Analysts Set New Price Targets

A number of research firms have commented on CRI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Carter’s in a research report on Tuesday, October 14th. UBS Group cut their target price on shares of Carter’s from $32.00 to $26.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Barclays lifted their target price on shares of Carter’s from $22.00 to $23.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 14th. Finally, Zacks Research raised shares of Carter’s from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $30.50.

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.