Carter’s, Inc. (NYSE:CRI) Shares Purchased by Klein Pavlis & Peasley Financial Inc.

Klein Pavlis & Peasley Financial Inc. increased its stake in shares of Carter’s, Inc. (NYSE:CRI) by 13.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,854 shares of the textile maker’s stock after purchasing an additional 2,046 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in Carter’s were worth $1,095,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CRI. Pacer Advisors Inc. raised its holdings in Carter’s by 44.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,209,097 shares of the textile maker’s stock valued at $74,928,000 after acquiring an additional 371,681 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Carter’s by 11.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,062,890 shares of the textile maker’s stock valued at $65,868,000 after acquiring an additional 112,947 shares during the last quarter. American Century Companies Inc. raised its holdings in Carter’s by 29.2% in the 2nd quarter. American Century Companies Inc. now owns 757,116 shares of the textile maker’s stock valued at $46,918,000 after acquiring an additional 170,960 shares during the last quarter. AQR Capital Management LLC raised its holdings in Carter’s by 50.7% in the 2nd quarter. AQR Capital Management LLC now owns 555,568 shares of the textile maker’s stock valued at $34,212,000 after acquiring an additional 186,894 shares during the last quarter. Finally, Wasatch Advisors LP acquired a new stake in Carter’s in the 1st quarter valued at about $45,011,000.

Carter’s Stock Down 13.3 %

Shares of NYSE:CRI opened at $56.95 on Monday. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 3.86 and a beta of 1.23. The firm’s 50-day simple moving average is $66.18 and its 200-day simple moving average is $65.73. The company has a quick ratio of 0.95, a current ratio of 2.09 and a debt-to-equity ratio of 0.61. Carter’s, Inc. has a fifty-two week low of $54.74 and a fifty-two week high of $88.03.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Friday, October 25th. The textile maker reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.35. The firm had revenue of $758.46 million for the quarter, compared to the consensus estimate of $747.95 million. Carter’s had a net margin of 8.29% and a return on equity of 28.65%. As a group, equities research analysts predict that Carter’s, Inc. will post 4.87 earnings per share for the current year.

Carter’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend was Tuesday, August 27th. Carter’s’s payout ratio is currently 50.47%.

Analyst Ratings Changes

A number of analysts have commented on CRI shares. Bank of America cut their price objective on shares of Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a report on Monday, July 29th. Wells Fargo & Company increased their price target on shares of Carter’s from $60.00 to $72.00 and gave the company an “equal weight” rating in a research note on Monday, September 9th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $71.17.

Carter’s Profile

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.