Ables Iannone Moore & Associates Inc. Purchases Shares of 500 Carter’s, Inc. (NYSE:CRI)

Ables Iannone Moore & Associates Inc. acquired a new position in Carter’s, Inc. (NYSE:CRI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 500 shares of the textile maker’s stock, valued at approximately $37,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. LSV Asset Management boosted its holdings in Carter’s by 3.4% during the 4th quarter. LSV Asset Management now owns 1,229,812 shares of the textile maker’s stock valued at $92,101,000 after acquiring an additional 39,976 shares during the period. Boston Trust Walden Corp grew its position in Carter’s by 0.3% during the 4th quarter. Boston Trust Walden Corp now owns 1,135,092 shares of the textile maker’s stock worth $85,007,000 after purchasing an additional 3,570 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Carter’s by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 933,576 shares of the textile maker’s stock valued at $69,916,000 after purchasing an additional 18,008 shares during the period. Pacer Advisors Inc. increased its holdings in Carter’s by 59.3% in the 4th quarter. Pacer Advisors Inc. now owns 632,671 shares of the textile maker’s stock worth $47,381,000 after buying an additional 235,431 shares during the period. Finally, Reinhart Partners LLC. raised its holdings in shares of Carter’s by 11.7% during the fourth quarter. Reinhart Partners LLC. now owns 626,380 shares of the textile maker’s stock worth $46,910,000 after purchasing an additional 65,703 shares during the last quarter.

Analyst Ratings Changes

Several research firms recently issued reports on CRI. Wells Fargo & Company lowered their price objective on Carter’s from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 24th. Citigroup dropped their target price on shares of Carter’s from $66.00 to $64.00 and set a “sell” rating for the company in a report on Thursday, April 18th. Wedbush increased their price target on shares of Carter’s from $67.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Monness Crespi & Hardt lowered Carter’s from a “buy” rating to a “neutral” rating in a report on Monday, February 26th. Finally, Evercore ISI boosted their price target on shares of Carter’s from $70.00 to $80.00 and gave the stock an “in-line” rating in a report on Wednesday, February 28th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $73.80.

Carter’s Stock Performance

Shares of NYSE CRI opened at $64.16 on Tuesday. Carter’s, Inc. has a 52-week low of $62.28 and a 52-week high of $88.03. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 3.15 and a beta of 1.27. The company has a quick ratio of 1.30, a current ratio of 2.43 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $69.05 and its 200 day simple moving average is $74.88.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Friday, April 26th. The textile maker reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.33. Carter’s had a net margin of 8.06% and a return on equity of 28.55%. The firm had revenue of $661.49 million during the quarter, compared to analysts’ expectations of $633.05 million. As a group, sell-side analysts forecast that Carter’s, Inc. will post 6.3 earnings per share for the current fiscal year.

Carter’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, May 28th were given a dividend of $0.80 per share. The ex-dividend date was Friday, May 24th. This represents a $3.20 annualized dividend and a dividend yield of 4.99%. Carter’s’s payout ratio is currently 50.47%.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.