Ruffer LLP Makes New $635,000 Investment in Carter's, Inc. (NYSE:CRI)

Ruffer LLP bought a new position in Carter's, Inc. (NYSE:CRI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 11,722 shares of the textile maker's stock, valued at approximately $635,000.

Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in Carter's by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after buying an additional 270 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Carter's during the 3rd quarter valued at about $28,000. Venturi Wealth Management LLC boosted its holdings in shares of Carter's by 221.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker's stock valued at $47,000 after purchasing an additional 500 shares during the last quarter. AlphaQuest LLC boosted 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 valued at $62,000 after purchasing an additional 1,142 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Carter's during the 3rd quarter valued at about $74,000.

Carter's Price Performance

Shares of NYSE CRI traded down $1.65 during mid-day trading on Thursday, hitting $39.91. 1,545,510 shares of the company's stock traded hands, compared to its average volume of 1,082,620. The company's 50-day moving average is $50.22 and its two-hundred day moving average is $56.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The company has a market capitalization of $1.44 billion, a P/E ratio of 6.33, a PEG ratio of 3.37 and a beta of 1.24. Carter's, Inc. has a 1 year low of $39.32 and a 1 year high of $88.03.

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Carter's (NYSE:CRI - Get Free Report) last announced its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.52. The firm had revenue of $859.70 million for the quarter, compared to analysts' expectations of $835.82 million. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The business's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.76 EPS. On average, equities analysts anticipate that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date of this dividend is Monday, March 10th. Carter's's dividend payout ratio (DPR) is currently 62.62%.

Analyst Ratings Changes

Several research analysts have commented on CRI shares. UBS Group dropped their price objective on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Citigroup dropped their price objective on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company dropped their price objective on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $49.00.

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.