Fox Run Management L.L.C. Takes $723,000 Position in Carter’s, Inc. (NYSE:CRI)

Fox Run Management L.L.C. bought a new stake in Carter’s, Inc. (NYSE:CRI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,337 shares of the textile maker’s stock, valued at approximately $723,000.

Other large investors have also modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in Carter’s by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after purchasing an additional 268 shares during the period. Jones Financial Companies Lllp boosted its stake in Carter’s by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after purchasing an additional 270 shares during the period. M&T Bank Corp boosted its stake in Carter’s by 7.2% during the 4th quarter. M&T Bank Corp now owns 4,073 shares of the textile maker’s stock worth $221,000 after purchasing an additional 272 shares during the period. Public Employees Retirement System of Ohio boosted its stake in Carter’s by 2.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock worth $1,147,000 after purchasing an additional 396 shares during the period. Finally, Quadrature Capital Ltd boosted its stake in Carter’s by 5.8% during the 3rd quarter. Quadrature Capital Ltd now owns 7,619 shares of the textile maker’s stock worth $495,000 after purchasing an additional 417 shares during the period.

Carter’s Stock Down 0.1 %

Shares of Carter’s stock opened at $40.81 on Monday. The company has a market cap of $1.47 billion, a P/E ratio of 6.48, a PEG ratio of 3.37 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter’s, Inc. has a one year low of $38.84 and a one year high of $86.24. The firm has a fifty day moving average of $48.50 and a two-hundred day moving average of $55.31.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $1.87 by $0.52. The company had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. Carter’s’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.76 EPS. On average, analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be issued a $0.80 dividend. The ex-dividend date is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.84%. Carter’s’s dividend payout ratio is presently 62.62%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CRI shares. UBS Group decreased their price target on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company decreased their price target on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Finally, Citigroup cut their price objective on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.00.

About Carter’s

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.