Koch Industries Inc. acquired a new stake in shares of Carter's, Inc. (NYSE:CRI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,549 shares of the textile maker’s stock, valued at approximately $299,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new position in shares of Carter's during the fourth quarter valued at approximately $128,000. Invictus RG purchased a new position in shares of Carter's during the third quarter valued at approximately $146,000. Foundry Partners LLC purchased a new position in shares of Carter's during the fourth quarter valued at approximately $200,000. Cigna Investments Inc. New purchased a new position in shares of Carter's during the fourth quarter valued at approximately $206,000. Finally, HL Financial Services LLC purchased a new position in shares of Carter's during the fourth quarter valued at approximately $210,000. 97.47% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on CRI. Zacks Investment Research raised shares of Carter's from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a report on Tuesday, December 26th. Wells Fargo & Co raised shares of Carter's from a “market perform” rating to an “outperform” rating in a report on Thursday, January 25th. Citigroup boosted their target price on shares of Carter's from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. ValuEngine upgraded shares of Carter's from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Oppenheimer boosted their target price on shares of Carter's from $112.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $120.77.
Shares of Carter's, Inc. (NYSE:CRI) opened at $111.78 on Wednesday. The company has a current ratio of 3.10, a quick ratio of 1.43 and a debt-to-equity ratio of 0.72. The stock has a market cap of $5,265.75, a P/E ratio of 19.35, a P/E/G ratio of 1.73 and a beta of 0.35. Carter's, Inc. has a 12-month low of $79.76 and a 12-month high of $129.00.
Carter's (NYSE:CRI) last announced its earnings results on Tuesday, February 27th. The textile maker reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.12. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Carter's had a net margin of 8.90% and a return on equity of 35.46%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.79 earnings per share. equities analysts predict that Carter's, Inc. will post 6.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Monday, March 12th will be given a $0.45 dividend. This is a positive change from Carter's’s previous quarterly dividend of $0.37. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, March 9th. Carter's’s dividend payout ratio is presently 28.66%.
Carter's declared that its board has authorized a share buyback program on Tuesday, February 27th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the textile maker to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.
Carter's Company Profile
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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