Carter’s, Inc. (NYSE:CRI) Holdings Raised by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its stake in shares of Carter’s, Inc. (NYSE:CRI) by 2,112.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 531 shares of the textile maker’s stock after buying an additional 507 shares during the period. EverSource Wealth Advisors LLC’s holdings in Carter’s were worth $29,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Carter’s by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker’s stock valued at $67,518,000 after acquiring an additional 74,133 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Carter’s in the 3rd quarter worth $683,000. Principal Financial Group Inc. raised its stake in shares of 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 shares of 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 valued at $9,913,000 after buying an additional 67,460 shares during the period. Finally, Ruffer LLP bought a new position in Carter’s during the fourth quarter valued at about $635,000.

Carter’s Price Performance

CRI stock opened at $40.84 on Friday. The firm has a 50-day moving average of $48.72 and a two-hundred day moving average of $55.64. The firm has a market capitalization of $1.47 billion, a PE ratio of 6.48, a P/E/G ratio of 3.37 and a beta of 1.24. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter’s, Inc. has a one year low of $38.84 and a one year high of $86.24.

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

Carter’s Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 7.83%. The ex-dividend date is Monday, March 10th. Carter’s’s payout ratio is 62.62%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CRI. Citigroup cut their price target 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. Wells Fargo & Company reduced their target price 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. Finally, UBS Group decreased their price target on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, Carter’s presently 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.