33,976 Shares in Carter’s, Inc. (NYSE:CRI) Bought by Alexander Randolph Advisory Inc.

Alexander Randolph Advisory Inc. purchased a new position in shares of Carter’s, Inc. (NYSE:CRI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 33,976 shares of the textile maker’s stock, valued at approximately $2,544,000. Carter’s accounts for 2.3% of Alexander Randolph Advisory Inc.’s investment portfolio, making the stock its 17th largest holding.

Other large investors have also recently bought and sold shares of the company. Oak Thistle LLC purchased a new stake in shares of Carter’s in the third quarter valued at about $259,000. Xponance Inc. lifted its stake in shares of Carter’s by 7.7% in the third quarter. Xponance Inc. now owns 4,930 shares of the textile maker’s stock valued at $341,000 after purchasing an additional 354 shares during the period. Raymond James & Associates lifted its stake in shares of Carter’s by 0.6% in the third quarter. Raymond James & Associates now owns 52,858 shares of the textile maker’s stock valued at $3,655,000 after purchasing an additional 294 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Carter’s by 5.5% in the third quarter. Bank of New York Mellon Corp now owns 1,713,889 shares of the textile maker’s stock valued at $118,515,000 after purchasing an additional 90,094 shares during the period. Finally, Reinhart Partners LLC. raised its position in Carter’s by 4.7% during the third quarter. Reinhart Partners LLC. now owns 560,677 shares of the textile maker’s stock worth $38,771,000 after acquiring an additional 25,345 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of Carter’s from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday. Monness Crespi & Hardt lowered shares of Carter’s from a “buy” rating to a “neutral” rating in a research report on Monday, February 26th. Citigroup cut their price objective on shares of Carter’s from $66.00 to $64.00 and set a “sell” rating for the company in a research report on Thursday, April 18th. StockNews.com lowered shares of Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, UBS Group boosted their price objective on shares of Carter’s from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $73.80.

Carter’s Stock Down 2.2 %

Shares of CRI stock traded down $1.55 on Friday, hitting $70.01. The stock had a trading volume of 1,722,308 shares, compared to its average volume of 775,948. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 11.04, a P/E/G ratio of 2.04 and a beta of 1.29. The stock’s 50 day moving average is $79.73 and its 200-day moving average is $74.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.10 and a current ratio of 2.15. Carter’s, Inc. has a 52-week low of $60.65 and a 52-week high of $88.03.

Carter’s (NYSE:CRI) last announced its earnings results on Tuesday, February 27th. The textile maker reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.24. The business had revenue of $858.00 million during the quarter, compared to the consensus estimate of $867.81 million. Carter’s had a net margin of 7.89% and a return on equity of 28.79%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.29 earnings per share. As a group, research analysts expect that Carter’s, Inc. will post 6.3 earnings per share for the current year.

Carter’s Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 11th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 4.57%. This is a boost from Carter’s’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 8th. Carter’s’s dividend payout ratio is 50.47%.

Insiders Place Their Bets

In other Carter’s news, Director Mark Hipp sold 1,875 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $81.74, for a total transaction of $153,262.50. Following the sale, the director now directly owns 10,216 shares of the company’s stock, valued at $835,055.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is owned by corporate insiders.

Carter’s Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.