Edgestream Partners L.P. Invests $1.83 Million in Carter’s, Inc. (NYSE:CRI)

Edgestream Partners L.P. acquired a new stake in shares of Carter’s, Inc. (NYSE:CRI) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 33,756 shares of the textile maker’s stock, valued at approximately $1,829,000.

Several other institutional investors also recently bought and sold shares of CRI. Jones Financial Companies Lllp increased 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 valued at $27,000 after buying an additional 270 shares during the period. Capital Performance Advisors LLP purchased a new position in Carter’s during the third quarter valued at approximately $28,000. Venturi Wealth Management LLC increased its holdings in Carter’s by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker’s stock valued at $47,000 after buying an additional 500 shares during the period. Truvestments Capital LLC purchased a new position in Carter’s during the third quarter valued at approximately $74,000. Finally, GAMMA Investing LLC increased its holdings in Carter’s by 258.0% during the fourth quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock valued at $79,000 after buying an additional 1,045 shares during the period.

Carter’s Price Performance

Shares of CRI opened at $41.49 on Monday. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 6.59, a price-to-earnings-growth ratio of 3.37 and a beta of 1.24. Carter’s, Inc. has a twelve month low of $39.88 and a twelve month high of $88.03. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $50.90 and a two-hundred day moving average of $57.11.

Carter’s (NYSE:CRI) last announced its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $835.82 million. During the same period last year, the firm earned $2.76 earnings per share. Carter’s’s revenue was up .2% compared to the same quarter last year. As a group, analysts predict that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The business also recently disclosed 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 is Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 7.71%. Carter’s’s payout ratio is currently 62.62%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CRI. Citigroup cut their price objective on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company cut their price objective 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. Finally, UBS Group lowered their target price 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 research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, Carter’s currently has a consensus rating of “Hold” and an average price target 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.