Allworth Financial LP Has $28,000 Holdings in Carter’s, Inc. (NYSE:CRI)

Allworth Financial LP grew its position in Carter’s, Inc. (NYSE:CRI) by 313.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 723 shares of the textile maker’s stock after purchasing an additional 548 shares during the period. Allworth Financial LP’s holdings in Carter’s were worth $28,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CRI. Colonial Trust Co SC acquired a new position in shares of Carter’s during the 4th quarter valued at about $29,000. True Wealth Design LLC increased its holdings in shares of Carter’s by 173.0% during the 4th quarter. True Wealth Design LLC now owns 901 shares of the textile maker’s stock valued at $49,000 after acquiring an additional 571 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Carter’s during the 4th quarter valued at about $54,000. Parallel Advisors LLC increased its holdings in shares of Carter’s by 80.9% during the 1st quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker’s stock valued at $43,000 after acquiring an additional 475 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Carter’s by 351.8% during the 4th quarter. Quarry LP now owns 1,351 shares of the textile maker’s stock valued at $73,000 after acquiring an additional 1,052 shares during the last quarter.

Carter’s Trading Up 0.1%

CRI stock opened at $30.45 on Friday. The company has a market cap of $1.11 billion, a P/E ratio of 6.74 and a beta of 0.98. Carter’s, Inc. has a twelve month low of $29.36 and a twelve month high of $71.99. The company has a quick ratio of 1.40, a current ratio of 2.56 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $32.10 and a 200-day moving average of $39.98.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.13. Carter’s had a return on equity of 23.50% and a net margin of 5.80%. The business had revenue of $291.09 million during the quarter, compared to analysts’ expectations of $624.86 million. During the same period in the previous year, the firm earned $0.98 earnings per share. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. As a group, equities research analysts expect that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Increases Dividend

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

Analysts Set New Price Targets

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

Carter’s 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.