Carter’s, Inc. (NYSE:CRI) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in Carter’s, Inc. (NYSE:CRI) by 214.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 56,489 shares of the textile maker’s stock after buying an additional 38,548 shares during the quarter. Cerity Partners LLC’s holdings in Carter’s were worth $3,193,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. FMR LLC grew its holdings in shares of Carter’s by 99.9% in the 3rd quarter. FMR LLC now owns 4,681 shares of the textile maker’s stock worth $304,000 after acquiring an additional 2,339 shares during the last quarter. Captrust Financial Advisors purchased a new position in Carter’s in the 3rd quarter worth about $231,000. Public Employees Retirement System of Ohio raised its holdings in Carter’s by 2.3% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,652 shares of the textile maker’s stock worth $1,147,000 after buying an additional 396 shares during the period. Barclays PLC raised its holdings in Carter’s by 58.7% during the 3rd quarter. Barclays PLC now owns 20,077 shares of the textile maker’s stock worth $1,304,000 after buying an additional 7,429 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Carter’s during the third quarter valued at about $692,000.

Carter’s Stock Down 1.3 %

Carter’s stock opened at $36.69 on Tuesday. Carter’s, Inc. has a twelve month low of $32.12 and a twelve month high of $74.40. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The firm has a market cap of $1.32 billion, a PE ratio of 5.82, a P/E/G ratio of 3.37 and a beta of 1.09. The firm’s 50 day moving average price is $43.13 and its two-hundred day moving average price is $51.64.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.87 by $0.52. The business had revenue of $859.70 million for the quarter, compared to the consensus estimate of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. Carter’s’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.76 earnings per share. On average, research analysts predict that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Dividend Announcement

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 8.72%. Carter’s’s payout ratio is 62.62%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CRI. Wells Fargo & Company cut their price target on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. UBS Group reduced their target price on Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, Citigroup lowered their price target on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th.

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.