Alambic Investment Management L.P. purchased a new position in shares of Carter’s (NYSE:CRI) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,980 shares of the textile maker’s stock, valued at approximately $2,496,000. Alambic Investment Management L.P. owned about 0.05% of Carter’s at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRI. Bank of Montreal Can lifted its holdings in Carter’s by 14.0% during the 4th quarter. Bank of Montreal Can now owns 29,800 shares of the textile maker’s stock worth $3,501,000 after buying an additional 3,671 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Carter’s by 0.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 176,172 shares of the textile maker’s stock worth $20,699,000 after buying an additional 1,109 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Carter’s during the 4th quarter worth about $2,444,000. Acadian Asset Management LLC purchased a new stake in Carter’s during the 4th quarter worth about $18,357,000. Finally, Fox Run Management L.L.C. lifted its holdings in Carter’s by 72.3% during the 4th quarter. Fox Run Management L.L.C. now owns 5,515 shares of the textile maker’s stock worth $648,000 after buying an additional 2,315 shares during the last quarter. 87.09% of the stock is owned by institutional investors.

A number of analysts have issued reports on CRI shares. Zacks Investment Research downgraded Carter’s from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Oppenheimer boosted their target price on Carter’s from $125.00 to $135.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Cowen set a $118.00 target price on Carter’s and gave the company a “hold” rating in a report on Friday, February 23rd. B. Riley set a $127.00 target price on Carter’s and gave the company a “buy” rating in a report on Monday, March 26th. Finally, Monness Crespi & Hardt reissued a “buy” rating and issued a $130.00 target price (down from $137.00) on shares of Carter’s in a report on Monday, April 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. Carter’s has an average rating of “Buy” and an average target price of $121.50.

In related news, insider Brian Lynch sold 26,500 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $116.12, for a total value of $3,077,180.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David Pulver purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The stock was bought at an average price of $100.32 per share, for a total transaction of $300,960.00. Following the transaction, the director now directly owns 55,664 shares in the company, valued at $5,584,212.48. The disclosure for this purchase can be found here. Insiders own 3.30% of the company’s stock.

Carter’s opened at $109.67 on Friday, MarketBeat.com reports. Carter’s has a fifty-two week low of $109.13 and a fifty-two week high of $110.46. The company has a quick ratio of 2.02, a current ratio of 4.14 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $5.06 billion, a PE ratio of 19.04, a PEG ratio of 1.82 and a beta of 0.42.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Tuesday, May 29th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 1.64%. Carter’s’s dividend payout ratio (DPR) is presently 31.25%.

Carter’s declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 27th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the textile maker to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

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.

Want to see what other hedge funds are holding CRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carter’s (NYSE:CRI).

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

Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.