Quantinno Capital Management LP Buys 41,018 Shares of Carter’s, Inc. (NYSE:CRI)

Quantinno Capital Management LP lifted its stake in shares of Carter’s, Inc. (NYSE:CRI) by 345.5% in the fourth quarter, HoldingsChannel reports. The fund owned 52,891 shares of the textile maker’s stock after acquiring an additional 41,018 shares during the period. Quantinno Capital Management LP’s holdings in Carter’s were worth $2,866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Venturi Wealth Management LLC grew its stake in shares of Carter’s by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 268 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Carter’s by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 270 shares during the period. M&T Bank Corp grew its stake in shares of Carter’s by 7.2% during the 4th quarter. M&T Bank Corp now owns 4,073 shares of the textile maker’s stock valued at $221,000 after acquiring an additional 272 shares during the period. Hsbc Holdings PLC grew its stake in shares of Carter’s by 7.1% during the 4th quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker’s stock valued at $279,000 after acquiring an additional 347 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Carter’s by 1.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 26,147 shares of the textile maker’s stock valued at $1,417,000 after acquiring an additional 448 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CRI. Barclays began coverage on Carter’s in a research note on Monday, April 28th. They set an “underweight” rating and a $25.00 price objective for the company. Citigroup lowered their price target on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. UBS Group lowered their price target on Carter’s from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, April 28th. Finally, Wells Fargo & Company boosted their price target on Carter’s from $25.00 to $28.00 and gave the stock an “underweight” rating in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $36.80.

Carter’s Stock Down 1.9%

NYSE CRI opened at $36.38 on Tuesday. The stock’s 50 day moving average is $37.15 and its 200 day moving average is $46.88. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter’s, Inc. has a 12 month low of $32.04 and a 12 month high of $71.99. The stock has a market cap of $1.33 billion, a PE ratio of 5.77, a P/E/G ratio of 3.37 and a beta of 1.05.

Carter’s (NYSE:CRI) last posted its quarterly 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 analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS. Research analysts predict that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were issued a dividend of $0.80 per share. The ex-dividend date was Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 8.80%. Carter’s’s dividend payout ratio (DPR) 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.