Proficio Capital Partners LLC Invests $1.65 Million in Carter’s, Inc. (NYSE:CRI)

Proficio Capital Partners LLC purchased a new position in Carter’s, Inc. (NYSE:CRI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 30,509 shares of the textile maker’s stock, valued at approximately $1,653,000.

Other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its position in shares of Carter’s by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker’s stock valued at $67,518,000 after buying an additional 74,133 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Carter’s during the third quarter worth approximately $683,000. Principal Financial Group Inc. grew its holdings in Carter’s by 109.0% in the 4th quarter. Principal Financial Group Inc. now owns 174,814 shares of the textile maker’s stock worth $9,473,000 after buying an additional 91,162 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in Carter’s by 79.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 152,560 shares of the textile maker’s stock worth $9,913,000 after purchasing an additional 67,460 shares during the period. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Carter’s by 40.5% in the fourth quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker’s stock valued at $32,040,000 after acquiring an additional 170,528 shares in the last quarter.

Analyst Upgrades and Downgrades

CRI has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. UBS Group reduced their price objective on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup cut their price objective 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. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, Carter’s currently has a consensus rating of “Hold” and an average price target of $49.00.

Carter’s Stock Performance

Shares of CRI stock opened at $40.35 on Thursday. The firm has a market cap of $1.45 billion, a P/E ratio of 6.41, a PEG ratio of 3.37 and a beta of 1.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter’s, Inc. has a fifty-two week low of $38.84 and a fifty-two week high of $86.24. The stock’s 50-day moving average is $48.93 and its two-hundred day moving average is $55.75.

Carter’s (NYSE:CRI) last posted its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.52. The company had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $2.76 earnings per share. Analysts predict that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be given a $0.80 dividend. The ex-dividend date is Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 7.93%. Carter’s’s dividend payout ratio is 62.62%.

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.