Rational Advisors LLC Purchases Shares of 3,748 Carter’s, Inc. (CRI)

Rational Advisors LLC bought a new stake in Carter’s, Inc. (NYSE:CRI) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,748 shares of the textile maker’s stock, valued at approximately $378,000.

A number of other hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in Carter’s by 14.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,028,620 shares of the textile maker’s stock worth $101,422,000 after buying an additional 132,471 shares during the period. Vanguard Group Inc increased its stake in Carter’s by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 3,875,314 shares of the textile maker’s stock worth $382,106,000 after buying an additional 35,282 shares during the period. Virtu Financial LLC purchased a new stake in Carter’s during the 4th quarter worth $258,000. IFP Advisors Inc increased its stake in Carter’s by 4,127.7% during the 4th quarter. IFP Advisors Inc now owns 5,792 shares of the textile maker’s stock worth $472,000 after buying an additional 5,655 shares during the period. Finally, Cambiar Investors LLC purchased a new stake in Carter’s during the 4th quarter worth $3,681,000. Institutional investors and hedge funds own 95.82% of the company’s stock.

In other news, EVP Kendra Krugman sold 500 shares of Carter’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $108.44, for a total value of $54,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jill Wilson sold 2,843 shares of Carter’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $108.38, for a total transaction of $308,124.34. The disclosure for this sale can be found here. Insiders sold a total of 19,883 shares of company stock valued at $1,993,643 in the last three months. Insiders own 3.20% of the company’s stock.

CRI opened at $88.47 on Friday. The stock has a market capitalization of $4.08 billion, a PE ratio of 14.07, a P/E/G ratio of 1.77 and a beta of 0.62. Carter’s, Inc. has a 1-year low of $75.66 and a 1-year high of $118.22. The company has a quick ratio of 1.25, a current ratio of 2.68 and a debt-to-equity ratio of 0.74.

Carter’s (NYSE:CRI) last released its earnings results on Tuesday, April 30th. The textile maker reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.17. The company had revenue of $741.06 million during the quarter, compared to the consensus estimate of $724.08 million. Carter’s had a net margin of 7.95% and a return on equity of 33.91%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.09 EPS. On average, equities analysts expect that Carter’s, Inc. will post 6.64 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Tuesday, May 28th. Carter’s’s payout ratio is currently 31.80%.

Several research firms recently issued reports on CRI. Zacks Investment Research downgraded shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. TheStreet raised shares of Carter’s from a “c+” rating to a “b-” rating in a research note on Wednesday, March 13th. ValuEngine raised shares of Carter’s from a “sell” rating to a “hold” rating in a research note on Monday, February 25th. DA Davidson initiated coverage on shares of Carter’s in a research report on Tuesday, April 23rd. They issued a “neutral” rating and a $105.15 target price for the company. Finally, Deutsche Bank initiated coverage on shares of Carter’s in a research report on Tuesday, April 16th. They issued a “hold” rating and a $99.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Carter’s currently has an average rating of “Hold” and a consensus price target of $106.92.

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About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

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Institutional Ownership by Quarter for Carter`s (NYSE:CRI)

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