Blueshift Asset Management LLC Grows Stake in Carter’s, Inc. $CRI

Blueshift Asset Management LLC grew its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 195.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,309 shares of the textile maker’s stock after buying an additional 37,235 shares during the period. Blueshift Asset Management LLC owned 0.15% of Carter’s worth $1,697,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC increased its position in Carter’s by 269.0% during the 2nd quarter. Signaturefd LLC now owns 1,000 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 729 shares during the period. US Bancorp DE lifted its position in shares of Carter’s by 45.0% in the 1st quarter. US Bancorp DE now owns 1,408 shares of the textile maker’s stock worth $58,000 after purchasing an additional 437 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Carter’s in the 1st quarter worth about $58,000. Covestor Ltd boosted its stake in shares of Carter’s by 18.6% during the 1st quarter. Covestor Ltd now owns 2,575 shares of the textile maker’s stock valued at $106,000 after purchasing an additional 404 shares in the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Carter’s during the second quarter valued at about $110,000.

Wall Street Analysts Forecast Growth

Several analysts have commented on CRI shares. Barclays raised their price objective on shares of Carter’s from $23.00 to $26.00 and gave the stock an “underweight” rating in a report on Tuesday, October 28th. Zacks Research cut Carter’s from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Carter’s in a research note on Tuesday, October 14th. UBS Group increased their price objective on Carter’s from $26.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Finally, Wells Fargo & Company boosted their target price on shares of Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Strong Sell” and a consensus target price of $29.50.

Carter’s Stock Performance

Shares of CRI stock opened at $31.40 on Tuesday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 12.71 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 2.26. Carter’s, Inc. has a one year low of $23.38 and a one year high of $58.13. The company’s 50-day moving average is $30.60 and its 200 day moving average is $30.08.

Carter’s (NYSE:CRI) last issued its earnings results on Monday, October 27th. The textile maker reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.04). Carter’s had a return on equity of 16.71% and a net margin of 3.15%.The firm had revenue of $757.84 million during the quarter, compared to analysts’ expectations of $760.11 million. During the same period last year, the firm posted $1.64 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. Sell-side analysts expect that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Monday, November 24th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, November 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.2%. Carter’s’s dividend payout ratio (DPR) is presently 40.49%.

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.