Lecap Asset Management Ltd. purchased a new position in shares of Carter's, Inc. (NYSE:CRI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,923 shares of the textile maker's stock, valued at approximately $488,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp grew its position in Carter's by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after acquiring an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Carter's by 2,112.5% in the 4th 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 in the last quarter. Colonial Trust Co SC bought a new stake in shares of Carter's during the 4th quarter valued at approximately $29,000. Parallel Advisors LLC increased its position in 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 in the last quarter. Finally, True Wealth Design LLC increased its position in 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 in the last quarter.
Carter's Trading Up 0.4%
NYSE:CRI traded up $0.13 during mid-day trading on Monday, hitting $30.18. 1,217,432 shares of the company's stock were exchanged, compared to its average volume of 1,371,351. Carter's, Inc. has a fifty-two week low of $29.36 and a fifty-two week 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. The firm has a market capitalization of $1.10 billion, a P/E ratio of 6.68 and a beta of 1.00. The company has a 50 day simple moving average of $32.89 and a 200-day simple moving average of $42.16.
Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.13. Carter's had a net margin of 5.80% and a return on equity of 23.50%. The company had revenue of $291.09 million for the quarter, compared to analyst estimates of $624.86 million. During the same quarter in the previous year, the business earned $0.98 earnings per share. Carter's's revenue was down 4.8% compared to the same quarter last year. As a group, research 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 issued a $0.25 dividend. This is a positive change 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 payout ratio is presently 22.12%.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a research report on Wednesday, May 14th. Barclays started coverage on Carter's in a report on Monday, April 28th. They set an "underweight" rating and a $25.00 price objective on the stock. Finally, UBS Group reduced their price objective on Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. 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, Carter's presently has an average rating of "Reduce" and an average price target of $36.80.
View Our Latest Stock Analysis on Carter's
Carter's Company Profile
(
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.
Read More

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 Strong Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.