Aristides Capital LLC Raises Position in Carter’s, Inc. (NYSE:CRI)

Aristides Capital LLC lifted its stake in Carter’s, Inc. (NYSE:CRI) by 12.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,588 shares of the textile maker’s stock after purchasing 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.

Several other large investors have also recently modified their holdings of CRI. Jones Financial Companies Lllp boosted its stake 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 buying an additional 270 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Carter’s by 2,112.5% during the 4th 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 period. Venturi Wealth Management LLC grew its holdings in Carter’s by 36.9% during the 4th 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 during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Carter’s in the 4th quarter worth about $54,000. Finally, AlphaQuest LLC boosted its position in shares of Carter’s by 16,314.3% during the fourth quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker’s stock valued at $62,000 after buying an additional 1,142 shares during the period.

Carter’s Trading Up 4.0 %

CRI opened at $37.00 on Friday. Carter’s, Inc. has a 52 week low of $34.40 and a 52 week high of $78.23. The company has a market capitalization of $1.33 billion, a P/E ratio of 5.87, a PEG ratio of 3.37 and a beta of 1.09. The stock’s fifty day moving average is $45.81 and its two-hundred day moving average is $53.38. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

Carter’s (NYSE:CRI) last released its quarterly earnings data 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 return on equity of 27.15% and a net margin of 8.11%. The firm had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. During the same period in the previous year, the company posted $2.76 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. Analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Announces Dividend

The firm also recently disclosed 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. This represents a $3.20 annualized dividend and a yield of 8.65%. The ex-dividend date was Monday, March 10th. Carter’s’s payout ratio is 62.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company dropped their price objective on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. Citigroup decreased their target price on Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Finally, UBS Group cut their price target on shares of 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 issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.