Teachers Retirement System of The State of Kentucky Has $4.50 Million Position in Carter’s, Inc. (NYSE:CRI)

Posted by Defense World Staff on Jun 17th, 2023

Teachers Retirement System of The State of Kentucky lowered its holdings in Carter’s, Inc. (NYSE:CRI – Get Rating) by 25.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 60,334 shares of the textile maker’s stock after selling 20,176 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.16% of Carter’s worth $4,502,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. FDx Advisors Inc. lifted its stake in Carter’s by 4.1% during the 4th quarter. FDx Advisors Inc. now owns 3,848 shares of the textile maker’s stock valued at $287,000 after acquiring an additional 150 shares in the last quarter. Guggenheim Capital LLC lifted its stake in Carter’s by 7.6% during the 1st quarter. Guggenheim Capital LLC now owns 2,349 shares of the textile maker’s stock valued at $216,000 after acquiring an additional 166 shares in the last quarter. Brinker Capital Investments LLC lifted its stake in Carter’s by 1.3% during the 1st quarter. Brinker Capital Investments LLC now owns 12,517 shares of the textile maker’s stock valued at $1,151,000 after acquiring an additional 166 shares in the last quarter. First Republic Investment Management Inc. lifted its stake in Carter’s by 4.2% during the 2nd quarter. First Republic Investment Management Inc. now owns 4,358 shares of the textile maker’s stock valued at $307,000 after acquiring an additional 175 shares in the last quarter. Finally, Brown Brothers Harriman & Co. lifted its stake in Carter’s by 2.4% during the 1st quarter. Brown Brothers Harriman & Co. now owns 8,620 shares of the textile maker’s stock valued at $793,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 99.13% of the company’s stock.

Carter’s Trading Down 1.3 %

Shares of CRI opened at $69.77 on Friday. The business has a 50-day moving average of $66.95 and a 200 day moving average of $72.37. Carter’s, Inc. has a fifty-two week low of $60.65 and a fifty-two week high of $86.76. The firm has a market cap of $2.63 billion, a P/E ratio of 12.33 and a beta of 1.22. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.04 and a current ratio of 2.54.

Carter’s (NYSE:CRI – Get Rating) last posted its earnings results on Friday, April 28th. The textile maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.46. The business had revenue of $695.80 million during the quarter, compared to analyst estimates of $648.58 million. Carter’s had a return on equity of 30.11% and a net margin of 6.97%. The company’s quarterly revenue was down 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.66 EPS. As a group, research analysts forecast that Carter’s, Inc. will post 5.97 EPS for the current year.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Tuesday, May 30th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend was Friday, May 26th. Carter’s’s payout ratio is presently 53.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CRI shares. UBS Group lowered their target price on Carter’s from $74.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 29th. StockNews.com started coverage on Carter’s in a research note on Thursday, May 18th. They set a “hold” rating on the stock. TheStreet cut Carter’s from a “b-” rating to a “c+” rating in a research note on Friday, May 19th. Finally, Citigroup decreased their price objective on Carter’s from $62.00 to $60.00 in a report on Tuesday, May 2nd.

Carter’s Company Profile

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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. The company operates through three segments: U.S.