Alpine Woods Capital Investors LLC Decreases Holdings in Carter’s (CRI)

Alpine Woods Capital Investors LLC cut its holdings in shares of Carter’s (NYSE:CRI) by 12.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,500 shares of the textile maker’s stock after selling 13,806 shares during the quarter. Alpine Woods Capital Investors LLC owned 0.20% of Carter’s worth $9,837,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CRI. Cerebellum GP LLC purchased a new position in shares of Carter’s during the fourth quarter worth approximately $128,000. Foundry Partners LLC purchased a new position in shares of Carter’s during the fourth quarter worth approximately $200,000. Cigna Investments Inc. New purchased a new position in shares of Carter’s during the fourth quarter worth approximately $206,000. HL Financial Services LLC purchased a new position in shares of Carter’s during the fourth quarter worth approximately $210,000. Finally, Koch Industries Inc. purchased a new position in shares of Carter’s in the fourth quarter worth $299,000. 87.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE CRI opened at $109.67 on Friday. The company has a current ratio of 4.14, a quick ratio of 2.02 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $5.06 billion, a P/E ratio of 19.04, a PEG ratio of 1.82 and a beta of 0.42. Carter’s has a 52 week low of $109.13 and a 52 week high of $110.46.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, April 26th. The textile maker reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.11. The business had revenue of $755.79 million for the quarter, compared to the consensus estimate of $744.23 million. Carter’s had a net margin of 8.72% and a return on equity of 35.09%. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 EPS. analysts anticipate that Carter’s will post 6.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Tuesday, May 29th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.64%. Carter’s’s payout ratio is currently 31.25%.

Carter’s declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 27th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the textile maker to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Monday, February 26th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $137.00 target price (up from $115.00) on shares of Carter’s in a research note on Friday, February 23rd. Oppenheimer lifted their target price on shares of Carter’s from $125.00 to $135.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. ValuEngine raised shares of Carter’s from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Cowen set a $118.00 target price on shares of Carter’s and gave the stock a “hold” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. Carter’s presently has a consensus rating of “Buy” and a consensus price target of $121.50.

In other Carter’s news, insider Brian Lynch sold 26,500 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $116.12, for a total transaction of $3,077,180.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David Pulver acquired 3,000 shares of Carter’s stock in a transaction on Tuesday, May 1st. The shares were bought at an average cost of $100.32 per share, for a total transaction of $300,960.00. Following the completion of the transaction, the director now owns 55,664 shares in the company, valued at approximately $5,584,212.48. The disclosure for this purchase can be found here. 3.30% of the stock is currently owned by insiders.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.

Institutional Ownership by Quarter for Carter`s (NYSE:CRI)

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