Ritholtz Wealth Management Has $319,000 Holdings in Carter’s, Inc. (NYSE:CRI)

Ritholtz Wealth Management increased its stake in shares of Carter’s, Inc. (NYSE:CRI) by 9.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,915 shares of the textile maker’s stock after purchasing an additional 419 shares during the period. Ritholtz Wealth Management’s holdings in Carter’s were worth $319,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in Carter’s by 112.0% during the third quarter. GAMMA Investing LLC now owns 405 shares of the textile maker’s stock worth $26,000 after acquiring an additional 214 shares in the last quarter. Gladius Capital Management LP bought a new position in Carter’s during the second quarter worth about $30,000. CWM LLC lifted its holdings in Carter’s by 431.3% during the second quarter. CWM LLC now owns 595 shares of the textile maker’s stock worth $37,000 after acquiring an additional 483 shares in the last quarter. Abich Financial Wealth Management LLC lifted its holdings in Carter’s by 67.6% during the second quarter. Abich Financial Wealth Management LLC now owns 858 shares of the textile maker’s stock worth $53,000 after acquiring an additional 346 shares in the last quarter. Finally, LRI Investments LLC bought a new position in Carter’s during the first quarter worth about $77,000.

Analyst Ratings Changes

CRI has been the topic of several recent analyst reports. Bank of America reduced their target price on Carter’s from $65.00 to $54.00 and set an “underperform” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company lifted their target price on Carter’s from $60.00 to $72.00 and gave the stock an “equal weight” rating in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, Carter’s has a consensus rating of “Hold” and an average target price of $71.17.

Carter’s Stock Performance

Shares of Carter’s stock opened at $67.30 on Thursday. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 3.86 and a beta of 1.23. The stock’s 50-day moving average is $65.87 and its 200-day moving average is $66.47. Carter’s, Inc. has a one year low of $54.74 and a one year high of $88.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.09 and a quick ratio of 0.95.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Friday, July 26th. The textile maker reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.31. The company had revenue of $564.43 million for the quarter, compared to analyst estimates of $566.79 million. Carter’s had a return on equity of 28.65% and a net margin of 8.29%. Equities analysts predict that Carter’s, Inc. will post 4.87 earnings per share for the current fiscal year.

Carter’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, August 27th. This represents a $3.20 annualized dividend and a yield of 4.75%. Carter’s’s payout ratio is presently 50.47%.

Carter’s Company Profile

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. It operates through three segments: U.S.