EntryPoint Capital LLC Makes New $254,000 Investment in Carter’s, Inc. (NYSE:CRI)

EntryPoint Capital LLC acquired a new stake in Carter’s, Inc. (NYSE:CRI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,696 shares of the textile maker’s stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRI. Jones Financial Companies Lllp lifted its position in Carter’s by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after buying an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Carter’s by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock valued at $29,000 after acquiring an additional 507 shares during the period. Venturi Wealth Management LLC lifted its holdings in shares of Carter’s by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after acquiring an additional 268 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of Carter’s by 16,314.3% during the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker’s stock worth $62,000 after purchasing an additional 1,142 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Carter’s by 258.0% during the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock valued at $79,000 after purchasing an additional 1,045 shares during the last quarter.

Carter’s Stock Down 1.9 %

NYSE:CRI opened at $40.48 on Friday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 6.43, a P/E/G ratio of 3.37 and a beta of 1.24. Carter’s, Inc. has a fifty-two week low of $38.84 and a fifty-two week high of $86.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The company’s 50-day simple moving average is $47.32 and its 200-day simple moving average is $54.56.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Tuesday, February 25th. The textile maker reported $2.39 earnings per share 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 firm had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. During the same period in the previous year, the company earned $2.76 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities analysts anticipate that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were issued a $0.80 dividend. The ex-dividend date was Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a yield of 7.90%. Carter’s’s payout ratio is 62.62%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wells Fargo & Company dropped their target price on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. UBS Group dropped their price objective on Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, Citigroup cut their price target 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. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat.com, Carter’s currently has an average rating of “Hold” and an average target price of $49.00.

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.