36,260 Shares in Carter’s, Inc. (NYSE:CRI) Bought by Expect Equity LLC

Expect Equity LLC acquired a new stake in Carter’s, Inc. (NYSE:CRI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 36,260 shares of the textile maker’s stock, valued at approximately $1,965,000. Carter’s comprises approximately 2.1% of Expect Equity LLC’s holdings, making the stock its 25th largest position. Expect Equity LLC owned approximately 0.10% of Carter’s at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CRI. Pacer Advisors Inc. boosted its holdings in Carter’s by 155.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock valued at $154,500,000 after purchasing an additional 1,732,857 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Carter’s by 124.4% during the 4th quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker’s stock valued at $93,134,000 after buying an additional 964,494 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Carter’s by 108.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,126,468 shares of the textile maker’s stock valued at $61,043,000 after buying an additional 584,850 shares during the last quarter. First Trust Advisors LP grew its position in shares of Carter’s by 33.3% during the fourth quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker’s stock worth $104,042,000 after buying an additional 479,961 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Carter’s by 10.4% in the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock worth $211,100,000 after buying an additional 366,293 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have commented on CRI shares. UBS Group reduced their price objective on shares of Carter’s from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Citigroup reduced their price target on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company lowered Carter’s from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $40.00 to $25.00 in a report on Wednesday, April 30th. Finally, Barclays assumed coverage on Carter’s in a report on Monday, April 28th. They set an “underweight” rating and a $25.00 target price on the stock. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat, Carter’s currently has a consensus rating of “Reduce” and an average target price of $36.20.

Carter’s Stock Performance

Shares of CRI stock opened at $34.43 on Friday. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The business has a 50 day moving average of $37.96 and a two-hundred day moving average of $48.16. The company has a market cap of $1.25 billion, a P/E ratio of 5.47, a PEG ratio of 3.37 and a beta of 1.05. Carter’s, Inc. has a 52 week low of $32.04 and a 52 week high of $72.11.

Carter’s (NYSE:CRI) last issued its quarterly earnings data 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 firm had revenue of $291.09 million during the quarter, compared to the consensus estimate of $624.86 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The firm’s revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. As a group, analysts anticipate that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 9.29%. The ex-dividend date of this dividend was Monday, March 10th. Carter’s’s payout ratio is 70.80%.

Carter’s Company 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.