Cambridge Investment Research Advisors Inc. Takes Position in Carter’s, Inc. (NYSE:CRI)

Cambridge Investment Research Advisors Inc. bought a new stake in shares of Carter’s, Inc. (NYSE:CRI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 6,798 shares of the textile maker’s stock, valued at approximately $278,000.

Several other large investors also recently bought and sold shares of CRI. Vanguard Group Inc. increased its position in shares of Carter’s by 10.4% during the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock worth $211,100,000 after acquiring an additional 366,293 shares during the period. RWWM Inc. boosted its holdings in Carter’s by 145.3% in the 1st quarter. RWWM Inc. now owns 2,190,482 shares of the textile maker’s stock valued at $89,591,000 after purchasing an additional 1,297,607 shares during the last quarter. First Trust Advisors LP increased its stake in Carter’s by 33.3% during the 4th quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker’s stock worth $104,042,000 after buying an additional 479,961 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Carter’s by 124.4% in the 4th quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker’s stock valued at $93,134,000 after buying an additional 964,494 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Carter’s by 13.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,248,489 shares of the textile maker’s stock worth $67,651,000 after acquiring an additional 149,058 shares during the period.

Carter’s Stock Down 0.7%

CRI stock opened at $32.87 on Friday. Carter’s, Inc. has a 1-year low of $29.36 and a 1-year high of $71.99. The business has a fifty day moving average price of $32.38 and a 200-day moving average price of $40.79. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.56 and a quick ratio of 1.40. The stock has a market capitalization of $1.20 billion, a P/E ratio of 7.27 and a beta of 0.98.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping the consensus estimate of $0.53 by $0.13. The company had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. Carter’s had a return on equity of 23.50% and a net margin of 5.80%. Carter’s’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. Equities analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd were paid a dividend of $0.25 per share. This is an increase from Carter’s’s previous dividend of $0.22. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 3.19%. Carter’s’s dividend payout ratio is 22.12%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of Carter’s from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Wells Fargo & Company increased their price objective on Carter’s from $25.00 to $28.00 and gave the company an “underweight” rating in a research report on Wednesday, May 14th. Finally, Barclays began coverage on Carter’s in a research report on Monday, April 28th. They issued an “underweight” rating and a $25.00 target price for the company. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $36.80.

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.