Wealth Enhancement Advisory Services LLC Sells 19,059 Shares of Carter's, Inc. (NYSE:CRI)

Wealth Enhancement Advisory Services LLC cut its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 72.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRI. Jones Financial Companies Lllp raised its holdings in Carter's by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after acquiring an additional 270 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Carter's by 2,112.5% in 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 position in shares of Carter's in the fourth quarter valued at approximately $29,000. Parallel Advisors LLC grew its position in shares of Carter's by 80.9% in the first quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock valued at $43,000 after purchasing an additional 475 shares during the last quarter. Finally, True Wealth Design LLC grew its position in Carter's by 173.0% during the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock worth $49,000 after buying an additional 571 shares in the last quarter.

Carter's Trading Down 0.7%

Shares of NYSE CRI traded down $0.24 during trading hours on Friday, hitting $32.87. The company's stock had a trading volume of 947,641 shares, compared to its average volume of 1,383,121. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.40 and a current ratio of 2.56. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 7.27 and a beta of 0.98. Carter's, Inc. has a 12 month low of $29.36 and a 12 month high of $71.99. The business has a 50-day simple moving average of $32.38 and a 200-day simple moving average of $40.79.

Carter's (NYSE:CRI - Get Free Report) last released 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. Carter's had a net margin of 5.80% and a return on equity of 23.50%. The firm had revenue of $291.09 million during the quarter, compared to analyst estimates of $624.86 million. During the same period last year, the business earned $0.98 earnings per share. The business's revenue was down 4.8% on a year-over-year basis. On average, analysts anticipate that Carter's, Inc. will post 5.15 earnings per share for the current fiscal 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 issued a $0.25 dividend. This is a positive change from Carter's's previous dividend of $0.22. This represents a yield of 3.19%. The ex-dividend date of this dividend was Monday, June 2nd. Carter's's payout ratio is presently 22.12%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CRI shares. Barclays began coverage on Carter's in a research report on Monday, April 28th. They set an "underweight" rating and a $25.00 price target on the stock. Wells Fargo & Company lifted their price objective on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 14th. Finally, UBS Group decreased their target price on Carter's from $37.00 to $32.00 and set a "neutral" rating for the company 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, the stock has an average 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.