Wealth Enhancement Advisory Services LLC Purchases 5,322 Shares of Carter’s, Inc. $CRI

Wealth Enhancement Advisory Services LLC increased its holdings in Carter’s, Inc. (NYSE:CRI) by 74.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,460 shares of the textile maker’s stock after purchasing an additional 5,322 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Carter’s were worth $392,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Carter’s by 5,552.7% in the first quarter. GAMMA Investing LLC now owns 81,964 shares of the textile maker’s stock worth $3,352,000 after purchasing an additional 80,514 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Carter’s by 80.9% in 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. Wedge Capital Management L L P NC boosted its holdings in Carter’s by 40.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 51,945 shares of the textile maker’s stock valued at $2,125,000 after acquiring an additional 14,919 shares during the period. Pallas Capital Advisors LLC boosted its holdings in Carter’s by 120.3% during the 1st quarter. Pallas Capital Advisors LLC now owns 11,415 shares of the textile maker’s stock valued at $467,000 after acquiring an additional 6,233 shares during the period. Finally, CX Institutional bought a new position in Carter’s during the 1st quarter worth approximately $2,521,000.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CRI shares. Zacks Research downgraded Carter’s from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 13th. Barclays dropped their target price on shares of Carter’s from $25.00 to $22.00 and set an “underweight” rating for the company in a report on Tuesday, July 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Carter’s in a research note on Saturday, September 27th. Finally, UBS Group decreased their target price on Carter’s from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Two investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Carter’s presently has a consensus rating of “Strong Sell” and an average price target of $30.25.

Carter’s Trading Down 0.3%

NYSE:CRI opened at $29.81 on Tuesday. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 7.91 and a beta of 1.07. The company’s 50 day moving average price is $27.74 and its 200-day moving average price is $31.70. Carter’s, Inc. has a 52 week low of $23.38 and a 52 week high of $68.69. The company has a quick ratio of 1.03, a current ratio of 2.20 and a debt-to-equity ratio of 0.58.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Friday, July 25th. The textile maker reported $0.17 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.26). Carter’s had a return on equity of 20.68% and a net margin of 4.79%.The business had revenue of $585.31 million during the quarter, compared to the consensus estimate of $563.24 million. During the same quarter in the previous year, the business posted $0.76 earnings per share. Carter’s’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, August 26th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $1.00 dividend on an annualized basis and a yield of 3.4%. Carter’s’s dividend payout ratio is currently 26.53%.

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.