EMC Capital Management Acquires 6,469 Shares of Carter’s, Inc. (NYSE:CRI)

EMC Capital Management boosted its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 194.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,799 shares of the textile maker’s stock after acquiring an additional 6,469 shares during the quarter. EMC Capital Management’s holdings in Carter’s were worth $637,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CRI. State of Michigan Retirement System boosted its stake in shares of Carter’s by 2.3% during the first quarter. State of Michigan Retirement System now owns 9,029 shares of the textile maker’s stock valued at $765,000 after purchasing an additional 200 shares during the period. GAMMA Investing LLC grew its stake in Carter’s by 112.0% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after acquiring an additional 214 shares in the last quarter. Quantbot Technologies LP grew its stake in Carter’s by 2.3% in the 1st quarter. Quantbot Technologies LP now owns 13,178 shares of the textile maker’s stock worth $1,116,000 after acquiring an additional 302 shares in the last quarter. Abich Financial Wealth Management LLC increased its position in shares of Carter’s by 67.6% during the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after acquiring an additional 346 shares during the period. Finally, nVerses Capital LLC raised its stake in shares of Carter’s by 20.0% during the third quarter. nVerses Capital LLC now owns 2,400 shares of the textile maker’s stock valued at $156,000 after acquiring an additional 400 shares in the last quarter.

Carter’s Price Performance

Shares of CRI stock opened at $54.01 on Friday. The company has a market cap of $1.95 billion, a P/E ratio of 8.57, a PEG ratio of 3.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The stock’s 50-day moving average is $65.19 and its 200 day moving average is $65.22. Carter’s, Inc. has a 1-year low of $53.40 and a 1-year high of $88.03.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s payout ratio is currently 50.79%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CRI shares. Bank of America reduced their price objective on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company cut their price target on Carter’s from $72.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, Carter’s has an average rating of “Hold” and an average price target of $70.00.

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.