180 Wealth Advisors LLC Acquires New Stake in Carter’s, Inc. (NYSE:CRI)

180 Wealth Advisors LLC bought a new position in Carter’s, Inc. (NYSE:CRIGet Rating) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,297 shares of the textile maker’s stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its position in Carter’s by 42.3% in the fourth quarter. Alliancebernstein L.P. now owns 2,064,486 shares of the textile maker’s stock worth $208,967,000 after buying an additional 613,663 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Carter’s by 17,623.0% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 450,695 shares of the textile maker’s stock worth $41,459,000 after acquiring an additional 448,152 shares in the last quarter. Candlestick Capital Management LP acquired a new position in shares of Carter’s in the 1st quarter worth $36,796,000. Miller Howard Investments Inc. NY acquired a new stake in shares of Carter’s during the first quarter worth $25,761,000. Finally, LSV Asset Management lifted its holdings in shares of Carter’s by 46.2% during the first quarter. LSV Asset Management now owns 696,258 shares of the textile maker’s stock valued at $64,049,000 after purchasing an additional 219,859 shares during the last quarter. 99.13% of the stock is owned by institutional investors.

Insider Transactions at Carter’s

In related news, EVP Kendra Krugman sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $84.31, for a total value of $168,620.00. Following the completion of the sale, the executive vice president now owns 38,336 shares of the company’s stock, valued at approximately $3,232,108.16. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Carter’s news, EVP Kendra Krugman sold 2,000 shares of Carter’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $84.31, for a total value of $168,620.00. Following the completion of the sale, the executive vice president now directly owns 38,336 shares in the company, valued at $3,232,108.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ben Pivar sold 398 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $81.77, for a total transaction of $32,544.46. Following the completion of the sale, the senior vice president now directly owns 12,119 shares of the company’s stock, valued at $990,970.63. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

Carter’s Stock Performance

Shares of CRI opened at $71.58 on Monday. The company has a market capitalization of $2.79 billion, a PE ratio of 10.48 and a beta of 1.30. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.77 and a current ratio of 2.09. The company’s 50 day moving average price is $78.51 and its 200 day moving average price is $81.47. Carter’s, Inc. has a 52 week low of $67.88 and a 52 week high of $111.17.

Carter’s (NYSE:CRIGet Rating) last issued its earnings results on Friday, July 29th. The textile maker reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.63 by ($0.33). Carter’s had a net margin of 8.35% and a return on equity of 42.73%. The company had revenue of $700.60 million for the quarter, compared to analyst estimates of $744.31 million. During the same period last year, the business earned $1.67 EPS. The company’s quarterly revenue was down 6.1% on a year-over-year basis. Research analysts expect that Carter’s, Inc. will post 7.17 EPS for the current fiscal year.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Thursday, September 1st. Carter’s’s payout ratio is currently 43.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. UBS Group dropped their price target on Carter’s from $100.00 to $72.00 and set a “neutral” rating on the stock in a research note on Friday, July 15th. Citigroup downgraded shares of Carter’s from a “buy” rating to a “sell” rating and dropped their target price for the stock from $110.00 to $68.00 in a research report on Monday, May 23rd. B. Riley reduced their price target on shares of Carter’s to $99.00 in a research report on Tuesday, August 9th. Evercore ISI lowered their price objective on shares of Carter’s to $80.00 in a research report on Tuesday, August 9th. Finally, TheStreet lowered Carter’s from a “b-” rating to a “c+” rating in a report on Friday, June 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Carter’s currently has a consensus rating of “Hold” and an average price target of $86.29.

Carter’s Company Profile

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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, Carter's My First Love, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S.

Further Reading

Institutional Ownership by Quarter for Carter's (NYSE:CRI)

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