Colonial Trust Co SC Acquires New Holdings in Carter’s, Inc. (NYSE:CRI)

Colonial Trust Co SC bought a new stake in shares of Carter’s, Inc. (NYSE:CRI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 532 shares of the textile maker’s stock, valued at approximately $29,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its position in shares of 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 buying an additional 268 shares during the period. Jones Financial Companies Lllp boosted its position in Carter’s by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after acquiring an additional 270 shares during the period. M&T Bank Corp grew its stake in shares of Carter’s by 7.2% in the fourth quarter. M&T Bank Corp now owns 4,073 shares of the textile maker’s stock worth $221,000 after purchasing an additional 272 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Carter’s by 7.1% during the fourth quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker’s stock valued at $279,000 after purchasing an additional 347 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of Carter’s by 1.7% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 26,147 shares of the textile maker’s stock valued at $1,417,000 after purchasing an additional 448 shares in the last quarter.

Carter’s Stock Down 0.8 %

CRI stock opened at $34.16 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The firm has a market cap of $1.24 billion, a PE ratio of 5.42, a P/E/G ratio of 3.37 and a beta of 1.05. Carter’s, Inc. has a 12 month low of $32.04 and a 12 month high of $72.11. The firm has a 50 day simple moving average of $37.82 and a 200 day simple moving average of $47.82.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 earnings per share 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 analyst estimates of $624.86 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.98 EPS. Equities research analysts forecast that Carter’s, Inc. will post 5.15 earnings per share 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 given a $0.80 dividend. The ex-dividend date was Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 9.37%. Carter’s’s dividend payout ratio (DPR) is presently 70.80%.

Wall Street Analysts Forecast Growth

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

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.