Aristides Capital LLC Purchases 930 Shares of Carter’s, Inc. (NYSE:CRI)

Aristides Capital LLC raised its position in shares of Carter’s, Inc. (NYSE:CRI) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,588 shares of the textile maker’s stock after buying an additional 930 shares during the quarter. Aristides Capital LLC’s holdings in Carter’s were worth $465,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its position 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 acquiring an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Carter’s by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock worth $29,000 after purchasing an additional 507 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of 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 purchasing an additional 268 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Carter’s during the 4th quarter valued at $54,000. Finally, AlphaQuest LLC boosted its position in shares of Carter’s by 16,314.3% in 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 in the last quarter.

Carter’s Stock Up 4.0 %

Shares of CRI stock opened at $37.00 on Friday. Carter’s, Inc. has a fifty-two week low of $34.40 and a fifty-two week high of $78.23. The firm has a market capitalization of $1.33 billion, a PE ratio of 5.87, a P/E/G ratio of 3.37 and a beta of 1.09. 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 stock’s 50-day simple moving average is $45.81 and its 200-day simple moving average is $53.38.

Carter’s (NYSE:CRI) last issued 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 return on equity of 27.15% and a net margin of 8.11%. The firm had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. During the same quarter in the prior year, the firm earned $2.76 earnings per share. Carter’s’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts expect that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were issued a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 8.65%. Carter’s’s dividend payout ratio (DPR) is presently 62.62%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CRI. Wells Fargo & Company reduced 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. UBS Group decreased their price objective on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, Citigroup dropped their target price 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. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently 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.