Empirical Finance LLC Has $912,000 Stock Position in Carter’s, Inc. (NYSE:CRI)

Empirical Finance LLC grew its holdings in Carter’s, Inc. (NYSE:CRI) by 98.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,830 shares of the textile maker’s stock after acquiring an additional 8,364 shares during the quarter. Empirical Finance LLC’s holdings in Carter’s were worth $912,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CRI. Pacer Advisors Inc. boosted its holdings in Carter’s by 155.0% in the 4th quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock valued at $154,500,000 after purchasing an additional 1,732,857 shares during the period. Wellington Management Group LLP raised its position in shares of Carter’s by 4.0% in the third quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker’s stock valued at $100,422,000 after buying an additional 60,089 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Carter’s by 3.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,171,810 shares of the textile maker’s stock valued at $76,144,000 after buying an additional 42,589 shares during the period. Verition Fund Management LLC grew its position in Carter’s by 70.4% during the third quarter. Verition Fund Management LLC now owns 300,661 shares of the textile maker’s stock worth $19,537,000 after buying an additional 124,191 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in Carter’s by 32.7% during the 4th quarter. Sound Income Strategies LLC now owns 232,840 shares of the textile maker’s stock worth $12,618,000 after acquiring an additional 57,346 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CRI. Citigroup upgraded Carter’s from a “sell” rating to a “neutral” rating and set a $50.00 target price for the company in a research report on Tuesday, November 12th. Wells Fargo & Company cut their price objective on shares of Carter’s from $72.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $67.67.

Carter’s Price Performance

Carter’s stock opened at $52.17 on Tuesday. The stock has a fifty day moving average of $54.01 and a 200-day moving average of $59.05. The stock has a market capitalization of $1.88 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 3.27 and a beta of 1.21. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter’s, Inc. has a 52 week low of $49.65 and a 52 week high of $88.03.

Carter’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a $0.80 dividend. The ex-dividend date was Monday, November 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 6.13%. Carter’s’s dividend payout ratio (DPR) is currently 50.79%.

About Carter’s

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.