Raymond James Financial Inc. Takes $1.61 Million Position in Carter’s, Inc. (NYSE:CRI)

Raymond James Financial Inc. purchased a new position in shares of Carter’s, Inc. (NYSE:CRI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 29,694 shares of the textile maker’s stock, valued at approximately $1,609,000. Raymond James Financial Inc. owned about 0.08% of Carter’s at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its stake in Carter’s by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after purchasing an additional 270 shares in the last quarter. Venturi Wealth Management LLC lifted its position 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 buying an additional 268 shares in the last quarter. GAMMA Investing LLC boosted its stake in 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 during the last quarter. SRS Capital Advisors Inc. grew its holdings in Carter’s by 8,394.7% in the 4th 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 in the last quarter. Finally, KBC Group NV increased its stake in shares of Carter’s by 136.7% in the 4th quarter. KBC Group NV now owns 1,780 shares of the textile maker’s stock worth $96,000 after acquiring an additional 1,028 shares during the last quarter.

Carter’s Stock Performance

NYSE CRI opened at $41.02 on Wednesday. The stock has a fifty day simple moving average of $46.79 and a 200-day simple moving average of $53.94. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.48 billion, a PE ratio of 6.51, a P/E/G ratio of 3.37 and a beta of 1.24. Carter’s, Inc. has a twelve month low of $38.84 and a twelve month high of $84.16.

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

Carter’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 7.80%. The ex-dividend date was Monday, March 10th. Carter’s’s payout ratio is 62.62%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CRI shares. Citigroup lowered their price target on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company reduced their target price on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group dropped their price target on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $49.00.

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.