Expect Equity LLC Invests $1.97 Million in Carter’s, Inc. (NYSE:CRI)

Expect Equity LLC purchased a new stake in shares of Carter’s, Inc. (NYSE:CRI) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 36,260 shares of the textile maker’s stock, valued at approximately $1,965,000. Carter’s accounts for 2.1% of Expect Equity LLC’s holdings, making the stock its 25th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its stake in Carter’s by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock valued at $27,000 after buying an additional 270 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of 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 acquiring an additional 507 shares during the period. Colonial Trust Co SC acquired a new position in shares of Carter’s during the fourth quarter valued at approximately $29,000. Venturi Wealth Management LLC raised its holdings in Carter’s by 36.9% during the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after purchasing an additional 268 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in Carter’s in the fourth quarter worth approximately $54,000.

Analyst Upgrades and Downgrades

CRI has been the subject of several research reports. Barclays assumed coverage on Carter’s in a research note on Monday, April 28th. They set an “underweight” rating and a $25.00 target price for the company. Wells Fargo & Company cut shares of Carter’s from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $40.00 to $25.00 in a report on Wednesday, April 30th. Citigroup decreased their target price on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, UBS Group reduced their target price on Carter’s from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $36.20.

Carter’s Stock Performance

Shares of Carter’s stock opened at $34.43 on Friday. Carter’s, Inc. has a 12 month low of $32.04 and a 12 month high of $72.11. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.25 billion, a PE ratio of 5.47, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05. The business has a fifty day simple moving average of $37.96 and a 200-day simple moving average of $48.16.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping the consensus estimate of $0.53 by $0.13. The business had revenue of $291.09 million during the quarter, compared to analysts’ expectations of $624.86 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.98 earnings per share. On average, sell-side analysts anticipate that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid a $0.80 dividend. The ex-dividend date was Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 9.29%. Carter’s’s payout ratio is 70.80%.

About Carter’s

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.