5,466 Shares in Carter’s, Inc. (NYSE:CRI) Bought by Gallacher Capital Management LLC

Gallacher Capital Management LLC acquired a new stake in shares of Carter’s, Inc. (NYSE:CRI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,466 shares of the textile maker’s stock, valued at approximately $409,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Pacer Advisors Inc. grew its position in Carter’s by 59.3% in the fourth quarter. Pacer Advisors Inc. now owns 632,671 shares of the textile maker’s stock worth $47,381,000 after acquiring an additional 235,431 shares in the last quarter. Hussman Strategic Advisors Inc. increased its holdings in shares of Carter’s by 103.2% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the textile maker’s stock worth $4,718,000 after buying an additional 32,000 shares during the period. Northern Trust Corp lifted its stake in shares of Carter’s by 4.9% in the 3rd quarter. Northern Trust Corp now owns 408,095 shares of the textile maker’s stock valued at $28,220,000 after acquiring an additional 18,901 shares during the last quarter. Dark Forest Capital Management LP boosted its holdings in Carter’s by 254.3% during the 3rd quarter. Dark Forest Capital Management LP now owns 77,033 shares of the textile maker’s stock valued at $5,327,000 after acquiring an additional 55,291 shares during the period. Finally, Sound Income Strategies LLC grew its position in Carter’s by 7.6% during the 4th quarter. Sound Income Strategies LLC now owns 93,170 shares of the textile maker’s stock worth $6,977,000 after acquiring an additional 6,561 shares during the last quarter.

Carter’s Stock Up 0.6 %

Shares of CRI stock traded up $0.43 during midday trading on Monday, reaching $70.58. 612,096 shares of the stock were exchanged, compared to its average volume of 793,552. Carter’s, Inc. has a 1 year low of $60.65 and a 1 year high of $88.03. The firm has a market cap of $2.58 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 3.47 and a beta of 1.32. The company’s 50 day moving average is $78.48 and its two-hundred day moving average is $74.98. The company has a current ratio of 2.43, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Tuesday, February 27th. The textile maker reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.52 by $0.24. Carter’s had a return on equity of 28.55% and a net margin of 8.06%. The company had revenue of $858.00 million during the quarter, compared to analyst estimates of $867.81 million. During the same quarter last year, the company earned $2.29 EPS. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities research analysts predict that Carter’s, Inc. will post 6.25 EPS for the current year.

Carter’s Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were issued a $0.80 dividend. This is an increase from Carter’s’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 8th. This represents a $3.20 dividend on an annualized basis and a yield of 4.53%. Carter’s’s dividend payout ratio is currently 50.47%.

Insiders Place Their Bets

In related news, Director Mark Hipp sold 1,875 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $81.74, for a total value of $153,262.50. Following the transaction, the director now directly owns 10,216 shares of the company’s stock, valued at approximately $835,055.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. StockNews.com lowered Carter’s from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Wedbush boosted their price objective on shares of Carter’s from $67.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, February 23rd. UBS Group increased their target price on shares of Carter’s from $76.00 to $79.00 and gave the stock a “neutral” rating in a report on Wednesday, February 28th. Citigroup reduced their price target on Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a report on Thursday, April 18th. Finally, Wells Fargo & Company dropped their price objective on Carter’s from $75.00 to $68.00 and set an “equal weight” rating for the company in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, Carter’s currently has an average rating of “Hold” and an average target price of $73.80.

About Carter’s

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.