Proficio Capital Partners LLC Invests $1.65 Million in Carter’s, Inc. (NYSE:CRI)

Proficio Capital Partners LLC purchased a new position in shares of Carter’s, Inc. (NYSE:CRI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,509 shares of the textile maker’s stock, valued at approximately $1,653,000. Proficio Capital Partners LLC owned 0.08% of Carter’s as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew 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 during the period. Venturi Wealth Management LLC lifted its holdings in shares of Carter’s by 36.9% in the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock valued at $54,000 after purchasing an additional 268 shares in the last quarter. Truvestments Capital LLC purchased a new position in Carter’s during the third quarter worth $74,000. GAMMA Investing LLC grew its holdings in shares of Carter’s by 258.0% during the fourth quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock worth $79,000 after buying an additional 1,045 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Carter’s by 8,394.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,614 shares of the textile maker’s stock valued at $87,000 after buying an additional 1,595 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CRI shares. Citigroup decreased their price target on 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 cut their target price on Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Finally, UBS Group cut their price objective on Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $49.00.

Carter’s Trading Down 1.4 %

Shares of CRI opened at $40.35 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. Carter’s, Inc. has a 12 month low of $38.84 and a 12 month high of $86.24. The stock has a market cap of $1.45 billion, a PE ratio of 6.41, a P/E/G ratio of 3.37 and a beta of 1.24. The stock’s 50-day moving average is $48.93 and its two-hundred day moving average is $55.75.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.52. The company had revenue of $859.70 million during 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% on a year-over-year basis. During the same quarter last year, the company earned $2.76 earnings per share. Equities analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 7.93%. Carter’s’s dividend payout ratio is presently 62.62%.

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.