Wealth Enhancement Advisory Services LLC Has $292,000 Stock Position in Carter's, Inc. (NYSE:CRI)

Wealth Enhancement Advisory Services LLC lessened its position in Carter's, Inc. (NYSE:CRI - Free Report) by 72.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,138 shares of the textile maker's stock after selling 19,059 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Carter's were worth $292,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its position in Carter's by 124.4% during the 4th quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker's stock worth $93,134,000 after buying an additional 964,494 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its position in Carter's by 108.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,126,468 shares of the textile maker's stock worth $61,043,000 after buying an additional 584,850 shares in the last quarter. First Trust Advisors LP lifted its position in Carter's by 33.3% during the 4th quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker's stock worth $104,042,000 after buying an additional 479,961 shares in the last quarter. Vanguard Group Inc. lifted its position in Carter's by 10.4% during the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock worth $211,100,000 after buying an additional 366,293 shares in the last quarter. Finally, RWWM Inc. lifted its position in Carter's by 61.5% during the 4th quarter. RWWM Inc. now owns 892,875 shares of the textile maker's stock worth $48,385,000 after buying an additional 339,879 shares in the last quarter.

Carter's Trading Up 1.3%

Shares of CRI stock traded up $0.42 on Wednesday, reaching $32.53. The company had a trading volume of 797,550 shares, compared to its average volume of 1,380,056. 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 stock has a market cap of $1.19 billion, a PE ratio of 7.20 and a beta of 0.98. The company has a 50-day moving average of $32.44 and a 200-day moving average of $41.26. Carter's, Inc. has a 12 month low of $29.36 and a 12 month high of $71.99.

Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, beating analysts' consensus estimates 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%. Carter's's revenue was down 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 EPS. On average, equities analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Increases Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on the company. UBS Group dropped their price objective on Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Wells Fargo & Company boosted their price objective on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a report on Wednesday, May 14th. Finally, Barclays assumed coverage on Carter's in a report on Monday, April 28th. They set an "underweight" rating and a $25.00 price objective for the company. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat, Carter's presently has a consensus rating of "Reduce" and a consensus price target of $36.80.

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.