Inscription Capital LLC Acquires Shares of 16,493 Carter’s, Inc. $CRI

Inscription Capital LLC acquired a new position in Carter’s, Inc. (NYSE:CRI) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,493 shares of the textile maker’s stock, valued at approximately $465,000.

Other institutional investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH grew its position in Carter’s by 32.4% during the 2nd quarter. Allianz Asset Management GmbH now owns 836,495 shares of the textile maker’s stock worth $25,204,000 after purchasing an additional 204,938 shares during the period. CWM LLC boosted its stake in shares of Carter’s by 90.5% in the second quarter. CWM LLC now owns 18,452 shares of the textile maker’s stock worth $556,000 after buying an additional 8,768 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Carter’s during the second quarter worth about $4,397,000. Mirae Asset Global Investments Co. Ltd. raised its position in Carter’s by 13.0% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,650 shares of the textile maker’s stock valued at $1,014,000 after acquiring an additional 3,860 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. raised its position in Carter’s by 100.0% during the second quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the textile maker’s stock valued at $2,531,000 after acquiring an additional 42,000 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Weiss Ratings restated a “sell (d+)” rating on shares of Carter’s in a research report on Friday, January 9th. UBS Group increased their price target on shares of Carter’s from $26.00 to $33.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. Wall Street Zen upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Sunday, January 11th. Zacks Research raised shares of Carter’s from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Barclays lifted their price target on Carter’s from $23.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $32.60.

Carter’s Trading Down 0.9%

NYSE CRI opened at $37.82 on Friday. Carter’s, Inc. has a 52 week low of $23.38 and a 52 week high of $55.71. The company has a quick ratio of 0.95, a current ratio of 2.26 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $1.38 billion, a PE ratio of 15.31 and a beta of 1.07. The firm has a 50 day moving average of $32.87 and a two-hundred day moving average of $30.56.

Carter’s (NYSE:CRI) last issued its earnings results on Monday, October 27th. The textile maker reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.04). Carter’s had a net margin of 3.15% and a return on equity of 16.71%. The company had revenue of $757.84 million during the quarter, compared to analyst estimates of $760.11 million. During the same quarter in the previous year, the company posted $1.64 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, research analysts expect that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, November 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. Carter’s’s payout ratio is presently 40.49%.

Carter’s Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.