Ruffer LLP Acquires Shares of 11,722 Carter’s, Inc. (NYSE:CRI)

Ruffer LLP purchased a new position in shares of Carter’s, Inc. (NYSE:CRI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 11,722 shares of the textile maker’s stock, valued at approximately $635,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. AlphaQuest LLC increased its holdings in shares of Carter’s by 16,314.3% during the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker’s stock worth $62,000 after purchasing an additional 1,142 shares during the period. PNC Financial Services Group Inc. increased its stake in Carter’s by 127.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,402 shares of the textile maker’s stock valued at $130,000 after acquiring an additional 1,344 shares during the period. Edgestream Partners L.P. acquired a new position in Carter’s in the 4th quarter valued at approximately $1,829,000. Raymond James Financial Inc. bought a new stake in shares of Carter’s in the 4th quarter worth approximately $1,609,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Carter’s during the 4th quarter worth approximately $1,653,000.

Analyst Upgrades and Downgrades

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

Carter’s Stock Performance

NYSE CRI opened at $41.49 on Friday. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 3.37 and a beta of 1.24. Carter’s, Inc. has a twelve month low of $39.88 and a twelve month high of $88.03. The stock has a fifty day simple moving average of $50.90 and a 200 day simple moving average of $57.17. 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 (NYSE:CRI) last issued its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping the consensus estimate of $1.87 by $0.52. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The firm had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. During the same period in the prior year, the business posted $2.76 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. Sell-side analysts expect that Carter’s, Inc. will post 5.15 EPS 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. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.71%. The ex-dividend date is Monday, March 10th. Carter’s’s payout ratio is currently 62.62%.

Carter’s 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.