Capstone Investment Advisors LLC Invests $712,000 in Carter’s, Inc. (NYSE:CRI)

Capstone Investment Advisors LLC purchased a new position in Carter’s, Inc. (NYSE:CRI) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,403 shares of the textile maker’s stock, valued at approximately $712,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in Carter’s by 28.6% during the 4th quarter. Blue Trust Inc. now owns 630 shares of the textile maker’s stock valued at $44,000 after buying an additional 140 shares in the last quarter. State of Michigan Retirement System increased its position in Carter’s by 2.3% during the 1st quarter. State of Michigan Retirement System now owns 9,029 shares of the textile maker’s stock valued at $765,000 after buying an additional 200 shares in the last quarter. Qsemble Capital Management LP increased its position in Carter’s by 2.2% during the 4th quarter. Qsemble Capital Management LP now owns 9,814 shares of the textile maker’s stock valued at $735,000 after buying an additional 214 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Carter’s by 2.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 10,600 shares of the textile maker’s stock valued at $898,000 after buying an additional 300 shares in the last quarter. Finally, Legato Capital Management LLC increased its position in Carter’s by 2.3% during the 4th quarter. Legato Capital Management LLC now owns 15,762 shares of the textile maker’s stock valued at $1,180,000 after buying an additional 356 shares in the last quarter.

Carter’s Stock Performance

Shares of CRI traded down $0.15 during mid-day trading on Friday, reaching $61.59. The company had a trading volume of 914,865 shares, compared to its average volume of 806,720. Carter’s, Inc. has a 52-week low of $60.57 and a 52-week high of $88.03. The company has a quick ratio of 1.30, a current ratio of 2.43 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $2.25 billion, a P/E ratio of 9.71, a PEG ratio of 3.03 and a beta of 1.22. The stock has a 50 day moving average of $66.37 and a two-hundred day moving average of $73.90.

Carter’s (NYSE:CRI) last issued its earnings results on Friday, April 26th. The textile maker reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.33. Carter’s had a return on equity of 28.55% and a net margin of 8.06%. The firm had revenue of $661.49 million for the quarter, compared to the consensus estimate of $633.05 million. On average, analysts expect that Carter’s, Inc. will post 6.3 earnings per share for the current year.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were paid a $0.80 dividend. The ex-dividend date was Friday, May 24th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.20%. Carter’s’s payout ratio is 50.47%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CRI shares. StockNews.com lowered Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Citigroup dropped their price target on Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a research note on Thursday, April 18th. Finally, Wells Fargo & Company dropped their price target on Carter’s from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $73.80.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.