WBI Investments LLC Grows Position in Carter’s, Inc. (NYSE:CRI)

WBI Investments LLC grew its stake in Carter’s, Inc. (NYSE:CRI) by 33.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,626 shares of the textile maker’s stock after buying an additional 5,878 shares during the period. WBI Investments LLC owned 0.07% of Carter’s worth $1,280,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CRI. Jones Financial Companies Lllp grew its position in Carter’s by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock valued at $27,000 after buying an additional 270 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Carter’s by 2,112.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 507 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of Carter’s in the fourth quarter worth approximately $29,000. True Wealth Design LLC boosted its stake in shares of Carter’s by 173.0% in the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker’s stock worth $49,000 after acquiring an additional 571 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Carter’s by 36.9% during the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after buying an additional 268 shares in the last quarter.

Wall Street Analyst Weigh In

CRI has been the topic of several recent research reports. Citigroup lowered their price target on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Barclays began coverage on shares of Carter’s in a research note on Monday, April 28th. They issued an “underweight” rating and a $25.00 price target for the company. Wells Fargo & Company lifted their price target on shares of Carter’s from $25.00 to $28.00 and gave the company an “underweight” rating in a research report on Wednesday, May 14th. Finally, UBS Group lowered their price objective on Carter’s from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $36.80.

Carter’s Stock Performance

NYSE:CRI opened at $37.08 on Monday. The firm has a market capitalization of $1.35 billion, a PE ratio of 5.88, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05. 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 business’s fifty day moving average price is $37.26 and its 200 day moving average price is $47.00. Carter’s, Inc. has a 12 month low of $32.04 and a 12 month high of $71.99.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.13. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The business had revenue of $291.09 million during the quarter, compared to the consensus estimate of $624.86 million. During the same period in the prior year, the company earned $0.98 earnings per share. The company’s revenue was down 4.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date of this dividend was Monday, March 10th. Carter’s’s dividend payout ratio is presently 70.80%.

Carter’s Profile

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.