Alps Advisors Inc. Increases Stock Holdings in Carter's, Inc. (NYSE:CRI)

Alps Advisors Inc. grew its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 7.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 163,727 shares of the textile maker's stock after acquiring an additional 11,773 shares during the quarter. Alps Advisors Inc. owned about 0.45% of Carter's worth $6,696,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Carter's in the 4th quarter valued at about $1,609,000. GAMMA Investing LLC increased its holdings in shares of Carter's by 38.2% in the 1st quarter. GAMMA Investing LLC now owns 2,004 shares of the textile maker's stock valued at $82,000 after acquiring an additional 554 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Carter's by 12.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,790 shares of the textile maker's stock valued at $1,205,000 after acquiring an additional 3,243 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Carter's by 1.9% in the 4th quarter. William Blair Investment Management LLC now owns 530,582 shares of the textile maker's stock valued at $28,752,000 after acquiring an additional 9,675 shares during the last quarter. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Carter's in the 1st quarter valued at about $250,000.

Analysts Set New Price Targets

A number of research firms recently issued reports on CRI. Barclays began coverage on Carter's in a research note on Monday, April 28th. They set an "underweight" rating and a $25.00 price target on the stock. UBS Group dropped their price target on Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Wells Fargo & Company raised their price target on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research note 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 stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $36.80.

Carter's Stock Performance

Carter's stock traded down $0.24 during mid-day trading on Friday, reaching $32.87. 947,641 shares of the company were exchanged, compared to its average volume of 1,381,076. Carter's, Inc. has a twelve month low of $29.36 and a twelve month high of $71.99. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.40 and a current ratio of 2.56. The firm's 50-day simple moving average is $32.38 and its two-hundred day simple moving average is $40.89. The firm has a market cap of $1.20 billion, a PE ratio of 7.27 and a beta of 0.98.

Carter's (NYSE:CRI - Get Free Report) last released its quarterly earnings results 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 business had revenue of $291.09 million during the quarter, compared to analysts' expectations of $624.86 million. Carter's had a return on equity of 23.50% and a net margin of 5.80%. The company's quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 earnings per share. Equities analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Increases Dividend

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

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.