Kingsview Wealth Management LLC Takes Position in Carter's, Inc. (NYSE:CRI)

Kingsview Wealth Management LLC purchased a new stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 80,572 shares of the textile maker's stock, valued at approximately $3,295,000. Kingsview Wealth Management LLC owned 0.22% of Carter's as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Allworth Financial LP boosted its position in Carter's by 313.1% during the first quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock valued at $28,000 after purchasing an additional 548 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Carter's by 2,112.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock valued at $29,000 after purchasing an additional 507 shares during the last quarter. Colonial Trust Co SC acquired a new stake in Carter's during the fourth quarter valued at $29,000. Parallel Advisors LLC raised its holdings in Carter's by 80.9% during the first quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock valued at $43,000 after buying an additional 475 shares in the last quarter. Finally, True Wealth Design LLC raised its holdings in Carter's by 173.0% during the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock valued at $49,000 after buying an additional 571 shares in the last quarter.

Carter's Stock Performance

NYSE:CRI traded up $0.04 during mid-day trading on Friday, hitting $30.45. The stock had a trading volume of 967,501 shares, compared to its average volume of 1,390,439. Carter's, Inc. has a twelve month low of $29.36 and a twelve month high of $71.99. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 6.74 and a beta of 0.98. The company's 50 day simple moving average is $32.10 and its 200 day simple moving average is $39.98. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.40 and a current ratio of 2.56.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.13. The firm had revenue of $291.09 million during the quarter, compared to the consensus estimate of $624.86 million. Carter's had a net margin of 5.80% and a return on equity of 23.50%. The business's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share. On average, equities research analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 20th. Investors 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 dividend payout ratio (DPR) is 22.12%.

Wall Street Analyst Weigh In

A number of equities analysts have 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 on the stock. UBS Group dropped their price objective 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 boosted their price target 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 research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target 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.