First Trust Advisors LP Increases Position in Carter’s, Inc. (NYSE:CRI)

First Trust Advisors LP increased its position in Carter’s, Inc. (NYSE:CRI) by 33.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,919,953 shares of the textile maker’s stock after acquiring an additional 479,961 shares during the period. First Trust Advisors LP owned approximately 0.05% of Carter’s worth $104,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in shares of Carter’s by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after purchasing an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Carter’s by 2,112.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock worth $29,000 after buying an additional 507 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Carter’s by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock valued at $54,000 after acquiring an additional 268 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Carter’s in the 4th quarter valued at $54,000. Finally, AlphaQuest LLC increased its stake in shares of Carter’s by 16,314.3% in the fourth quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker’s stock worth $62,000 after acquiring an additional 1,142 shares during the period.

Carter’s Trading Up 2.4 %

Shares of Carter’s stock opened at $36.29 on Monday. Carter’s, Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $74.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The company has a market cap of $1.31 billion, a P/E ratio of 5.76, a price-to-earnings-growth ratio of 3.37 and a beta of 1.09. The firm has a 50-day simple moving average of $41.89 and a two-hundred day simple moving average of $50.83.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $0.52. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The company had revenue of $859.70 million for the quarter, compared to the consensus estimate of $835.82 million. During the same quarter in the prior year, the business posted $2.76 earnings per share. Carter’s’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts predict that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 8.82%. The ex-dividend date was Monday, March 10th. Carter’s’s payout ratio is presently 62.62%.

Analyst Ratings Changes

CRI has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. UBS Group lowered their target price on Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, Citigroup reduced their price target on Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th.

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.