Carter’s, Inc. (NYSE:CRI) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in Carter’s, Inc. (NYSE:CRI) by 127.0% in the fourth quarter, Holdings Channel reports. The firm owned 2,402 shares of the textile maker’s stock after acquiring an additional 1,344 shares during the period. PNC Financial Services Group Inc.’s holdings in Carter’s were worth $130,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CRI. Jones Financial Companies Lllp lifted its stake in Carter’s by 114.4% in 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 last quarter. Venturi Wealth Management LLC boosted its stake in Carter’s by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after purchasing an additional 268 shares during the period. Truvestments Capital LLC acquired a new stake in Carter’s during the 3rd quarter worth $74,000. GAMMA Investing LLC grew its position in Carter’s by 258.0% during the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock worth $79,000 after purchasing an additional 1,045 shares during the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in Carter’s by 8,394.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,614 shares of the textile maker’s stock valued at $87,000 after purchasing an additional 1,595 shares during the period.

Carter’s Trading Up 4.4 %

NYSE CRI opened at $42.68 on Tuesday. 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 stock has a market capitalization of $1.54 billion, a P/E ratio of 6.77, a P/E/G ratio of 3.37 and a beta of 1.24. Carter’s, Inc. has a 52-week low of $38.84 and a 52-week high of $86.24. The firm has a 50-day moving average price of $48.30 and a 200 day moving average price of $55.13.

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

Carter’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.50%. Carter’s’s dividend payout ratio (DPR) is presently 62.62%.

Wall Street Analyst Weigh In

CRI has been the subject of several recent research reports. Citigroup decreased their target price on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company lowered their target price on Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group dropped their target price on Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. One equities research 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, the company currently has a consensus rating of “Hold” and a consensus price target 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.