Lecap Asset Management Ltd. Purchases Shares of 11,923 Carter’s, Inc. (NYSE:CRI)

by · The Markets Daily

Lecap Asset Management Ltd. purchased a new stake in shares of Carter’s, Inc. (NYSE:CRI – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 11,923 shares of the textile maker’s stock, valued at approximately $488,000.

Several other hedge funds have also bought and sold shares of the stock. Jones Financial Companies Lllp grew its holdings in Carter’s by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 270 shares during the period. M&T Bank Corp grew its holdings in Carter’s by 7.2% during the fourth quarter. M&T Bank Corp now owns 4,073 shares of the textile maker’s stock valued at $221,000 after purchasing an additional 272 shares during the period. Hsbc Holdings PLC grew its holdings in Carter’s by 7.1% during the fourth quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker’s stock valued at $279,000 after purchasing an additional 347 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Carter’s by 1.7% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 26,147 shares of the textile maker’s stock valued at $1,417,000 after purchasing an additional 448 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Carter’s by 80.9% during the first quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker’s stock valued at $43,000 after purchasing an additional 475 shares during the period.

Carter’s Stock Performance

NYSE CRI opened at $30.52 on Friday. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 6.75 and a beta of 1.00. The company has a quick ratio of 1.40, a current ratio of 2.56 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $33.13 and a 200-day moving average price of $42.69. Carter’s, Inc. has a twelve month low of $29.36 and a twelve month high of $71.99.

Carter’s (NYSE:CRI – Get Free Report) last posted its earnings results on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.13. The company had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. Carter’s had a return on equity of 23.50% and a net margin of 5.80%. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.98 earnings per share. As a group, equities research analysts predict that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, June 3rd were given a $0.25 dividend. This is an increase from Carter’s’s previous dividend of $0.22. This represents a dividend yield of 3.19%. The ex-dividend date of this dividend was Monday, June 2nd. Carter’s’s payout ratio is currently 22.12%.

Analysts Set New Price Targets

Several analysts have issued reports on CRI shares. Wells Fargo & Company boosted their price target on Carter’s from $25.00 to $28.00 and gave the company an “underweight” rating in a report on Wednesday, May 14th. UBS Group dropped their price objective on Carter’s from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Finally, Barclays began coverage on Carter’s in a research note on Monday, April 28th. They issued an “underweight” rating and a $25.00 price objective for the company. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $36.80.

Check Out Our Latest Stock Analysis on CRI

About Carter’s

(Free Report)

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.

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