Blueshift Asset Management LLC Buys 37,235 Shares of Carter’s, Inc. $CRI

Blueshift Asset Management LLC raised its position in Carter’s, Inc. (NYSE:CRI) by 195.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,309 shares of the textile maker’s stock after acquiring an additional 37,235 shares during the quarter. Blueshift Asset Management LLC’s holdings in Carter’s were worth $1,697,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Signaturefd LLC raised its holdings in Carter’s by 269.0% in the 2nd quarter. Signaturefd LLC now owns 1,000 shares of the textile maker’s stock worth $30,000 after purchasing an additional 729 shares during the period. US Bancorp DE raised its stake in shares of Carter’s by 45.0% in the first quarter. US Bancorp DE now owns 1,408 shares of the textile maker’s stock worth $58,000 after buying an additional 437 shares during the period. Headlands Technologies LLC purchased a new position in shares of Carter’s during the 1st quarter valued at about $58,000. Covestor Ltd grew 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 acquiring an additional 404 shares during the period. Finally, Quarry LP increased its holdings in Carter’s by 121.4% in the 1st quarter. Quarry LP now owns 2,991 shares of the textile maker’s stock worth $122,000 after acquiring an additional 1,640 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CRI shares. Zacks Research cut shares of Carter’s from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 11th. Barclays boosted their price objective on Carter’s from $23.00 to $26.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Carter’s in a research report on Tuesday, October 14th. UBS Group lifted their target price on Carter’s from $26.00 to $33.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Finally, Citigroup upped their price target on Carter’s from $28.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Two analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and a consensus price target of $29.50.

Carter’s Stock Performance

NYSE:CRI opened at $31.40 on Tuesday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 12.71 and a beta of 1.08. Carter’s, Inc. has a 1 year low of $23.38 and a 1 year high of $58.13. The stock’s 50 day simple moving average is $30.60 and its two-hundred day simple moving average is $30.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.26 and a quick ratio of 1.03.

Carter’s (NYSE:CRI) last posted its earnings results on Monday, October 27th. The textile maker reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). Carter’s had a net margin of 3.15% and a return on equity of 16.71%. The business had revenue of $757.84 million during the quarter, compared to analysts’ expectations of $760.11 million. During the same period last year, the business posted $1.64 earnings per share. The company’s revenue for the quarter was down .1% 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 fiscal year.

Carter’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Monday, November 24th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Monday, November 24th. Carter’s’s dividend payout ratio is currently 40.49%.

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.