Jones Financial Companies Lllp Boosts Stake in Carter’s, Inc. (NYSE:CRI)

Jones Financial Companies Lllp raised its position in Carter’s, Inc. (NYSE:CRI) by 114.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 506 shares of the textile maker’s stock after buying an additional 270 shares during the period. Jones Financial Companies Lllp’s holdings in Carter’s were worth $27,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted its position in Carter’s by 8,394.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,614 shares of the textile maker’s stock valued at $87,000 after buying an additional 1,595 shares during the last quarter. Versor Investments LP bought a new position in shares of Carter’s during the fourth quarter worth about $239,000. Proficio Capital Partners LLC bought a new position in shares of Carter’s during the fourth quarter worth about $1,653,000. Oregon Public Employees Retirement Fund lifted its position in shares of Carter’s by 16.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,500 shares of the textile maker’s stock worth $461,000 after purchasing an additional 1,173 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of Carter’s by 40.5% during the fourth quarter. Allianz Asset Management GmbH now owns 591,246 shares of the textile maker’s stock worth $32,040,000 after purchasing an additional 170,528 shares during the last quarter.

Analyst Ratings Changes

CRI has been the topic of several research analyst reports. Citigroup reduced 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. Wells Fargo & Company reduced 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 research report on Wednesday, February 26th. Finally, UBS Group reduced 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 analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.00.

Carter’s Stock Performance

Shares of NYSE CRI opened at $40.35 on Thursday. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $48.93 and its two-hundred day moving average price is $55.75. Carter’s, Inc. has a 52-week low of $38.84 and a 52-week high of $86.24. The stock has a market capitalization of $1.45 billion, a P/E ratio of 6.41, a P/E/G ratio of 3.37 and a beta of 1.24.

Carter’s (NYSE:CRI) last issued its 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 net margin of 8.11% and a return on equity of 27.15%. The firm had revenue of $859.70 million for the quarter, compared to analysts’ expectations of $835.82 million. During the same quarter last year, the company posted $2.76 earnings per share. Carter’s’s revenue was up .2% on a year-over-year basis. As a group, sell-side analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be paid 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 payout ratio is currently 62.62%.

Carter’s Company 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.