Carter's, Inc. (NYSE:CRI) Shares Purchased by Alps Advisors Inc.

Alps Advisors Inc. lifted its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 7.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,727 shares of the textile maker's stock after buying an additional 11,773 shares during the quarter. Alps Advisors Inc. owned approximately 0.45% of Carter's worth $6,696,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Jones Financial Companies Lllp raised its stake in Carter's by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after purchasing an additional 270 shares during the last quarter. M&T Bank Corp raised its stake in Carter's by 7.2% in the 4th quarter. M&T Bank Corp now owns 4,073 shares of the textile maker's stock valued at $221,000 after purchasing an additional 272 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Carter's in the 4th quarter valued at $1,653,000. Raymond James Financial Inc. acquired a new position in Carter's in the 4th quarter valued at $1,609,000. Finally, PNC Financial Services Group Inc. raised its stake in Carter's by 127.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,402 shares of the textile maker's stock valued at $130,000 after purchasing an additional 1,344 shares during the last quarter.

Carter's Trading Down 2.9%

NYSE:CRI traded down $0.96 during trading hours on Monday, hitting $31.89. The company had a trading volume of 1,052,391 shares, compared to its average volume of 1,503,155. The company has a current ratio of 2.56, a quick ratio of 1.40 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average of $32.38 and a 200 day moving average of $40.69. The company has a market cap of $1.16 billion, a P/E ratio of 7.05 and a beta of 0.98. Carter's, Inc. has a 1 year low of $29.36 and a 1 year high of $71.99.

Carter's (NYSE:CRI - Get Free Report) last issued its earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.13. The company 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 firm's quarterly revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. Sell-side analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Increases Dividend

The company 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. This is a positive change from Carter's's previous dividend of $0.22. The ex-dividend date was Monday, June 2nd. This represents a yield of 3.19%. Carter's's dividend payout ratio is presently 22.12%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CRI shares. Barclays started coverage on Carter's in a research note on Monday, April 28th. They issued an "underweight" rating and a $25.00 price objective for the company. 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 note on Monday, April 28th. Finally, 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 note on Wednesday, May 14th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat.com, the company currently has a consensus 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.