EntryPoint Capital LLC Purchases Shares of 4,696 Carter’s, Inc. (NYSE:CRI)

EntryPoint Capital LLC purchased a new position in Carter’s, Inc. (NYSE:CRI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,696 shares of the textile maker’s stock, valued at approximately $254,000.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in Carter’s by 6.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker’s stock worth $67,518,000 after acquiring an additional 74,133 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Carter’s in the third quarter worth $683,000. Principal Financial Group Inc. raised its position in shares of Carter’s by 109.0% during the 4th quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker’s stock valued at $9,473,000 after purchasing an additional 91,162 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Carter’s by 79.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker’s stock valued at $9,913,000 after buying an additional 67,460 shares in the last quarter. Finally, Ruffer LLP purchased a new position in shares of Carter’s during the 4th quarter valued at $635,000.

Carter’s Stock Down 1.9 %

CRI opened at $40.48 on Friday. The company has a market capitalization of $1.46 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. The firm has a 50-day simple moving average of $47.32 and a two-hundred day simple moving average of $54.56. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. Carter’s, Inc. has a 52 week low of $38.84 and a 52 week high of $86.24.

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

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 7.90%. The ex-dividend date was Monday, March 10th. Carter’s’s dividend payout ratio is presently 62.62%.

Analysts Set New Price Targets

CRI has been the topic of a number of recent analyst reports. Wells Fargo & Company decreased their price target on Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Citigroup decreased their target price on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group dropped their price target on Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $49.00.

Carter’s Company Profile

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.