Kingsview Wealth Management LLC Makes New $3.30 Million Investment in Carter's, Inc. (NYSE:CRI)

Kingsview Wealth Management LLC acquired a new stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CRI. Raymond James Financial Inc. purchased a new stake in shares of Carter's in the fourth quarter worth $1,609,000. GAMMA Investing LLC increased its holdings in shares of Carter's by 38.2% in the first quarter. GAMMA Investing LLC now owns 2,004 shares of the textile maker's stock worth $82,000 after buying an additional 554 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Carter's by 12.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,790 shares of the textile maker's stock worth $1,205,000 after buying an additional 3,243 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Carter's by 20.8% in the first quarter. Crossmark Global Holdings Inc. now owns 7,170 shares of the textile maker's stock worth $293,000 after buying an additional 1,234 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Carter's in the first quarter worth about $250,000.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CRI shares. Wells Fargo & Company lifted their price objective on Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a research report on Wednesday, May 14th. UBS Group reduced their price objective on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Barclays assumed coverage on shares of Carter's in a research report on Monday, April 28th. They set an "underweight" rating and a $25.00 target price on the stock. 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, the company currently has a consensus rating of "Reduce" and a consensus target price of $36.80.

Carter's Stock Performance

Shares of NYSE:CRI traded up $2.13 on Tuesday, hitting $33.54. 1,532,497 shares of the company were exchanged, compared to its average volume of 1,393,692. The firm has a market capitalization of $1.22 billion, a P/E ratio of 7.42 and a beta of 0.98. The stock's 50 day moving average price is $32.10 and its 200 day moving average price is $39.88. Carter's, Inc. has a 1-year low of $29.36 and a 1-year high of $71.99. The company has a current ratio of 2.56, a quick ratio of 1.40 and a debt-to-equity ratio of 0.59.

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 for the quarter, topping analysts' consensus estimates of $0.53 by $0.13. The business 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 company's revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Sell-side analysts predict that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Increases Dividend

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

Carter's Company 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.