Blueshift Asset Management LLC purchased a new position in shares of Carter's, Inc. (NYSE:CRI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 19,074 shares of the textile maker's stock, valued at approximately $780,000. Blueshift Asset Management LLC owned 0.05% of Carter's as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Allworth Financial LP increased its position in shares of Carter's by 313.1% during the 1st quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock worth $28,000 after purchasing an additional 548 shares during the last quarter. Colonial Trust Co SC acquired a new stake in shares of Carter's during the 4th quarter worth about $29,000. Parallel Advisors LLC increased its position 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 worth $43,000 after purchasing an additional 475 shares during the last quarter. True Wealth Design LLC increased its position 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 worth $49,000 after purchasing an additional 571 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in Carter's in the 4th quarter valued at about $54,000.
Analyst Ratings Changes
Several equities analysts have weighed in on CRI shares. UBS Group dropped their target price on Carter's from $32.00 to $26.00 and set a "neutral" rating for the company in a research report on Monday, July 28th. Wells Fargo & Company lifted their target price 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 dropped their target price on Carter's from $25.00 to $22.00 and set an "underweight" rating for the company in a research report on Tuesday.
Check Out Our Latest Report on CRI
Carter's Stock Down 2.6%
Shares of Carter's stock traded down $0.62 on Friday, reaching $23.62. 1,636,538 shares of the company were exchanged, compared to its average volume of 1,772,386. Carter's, Inc. has a 1-year low of $23.38 and a 1-year high of $71.99. The company has a market cap of $860.48 million, a P/E ratio of 6.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.20 and a quick ratio of 1.03. The stock's 50 day moving average price is $30.76 and its 200-day moving average price is $38.37.
Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The textile maker reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.26). The company had revenue of $585.31 million for the quarter, compared to analyst estimates of $563.24 million. Carter's had a return on equity of 20.68% and a net margin of 4.79%. The business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 earnings per share. As a group, equities analysts forecast 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. Investors of record on Tuesday, June 3rd were paid a dividend of $0.25 per share. The ex-dividend date was Monday, June 2nd. This is a positive change from Carter's's previous dividend of $0.22. This represents a yield of 319.0%. Carter's's dividend payout ratio (DPR) is presently 26.53%.
About Carter's
(
Free Report)
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.
Recommended Stories
Before you consider Carter's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Carter's wasn't on the list.
While Carter's currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
