Edgestream Partners L.P. Takes Position in Carter's, Inc. (NYSE:CRI)

Edgestream Partners L.P. purchased a new position in shares of Carter's, Inc. (NYSE:CRI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 33,756 shares of the textile maker's stock, valued at approximately $1,829,000. Edgestream Partners L.P. owned approximately 0.09% of Carter's as of its most recent filing with the Securities & Exchange Commission.

Other large 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 worth $27,000 after buying an additional 270 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Carter's during the 3rd quarter valued at about $28,000. Venturi Wealth Management LLC grew its holdings in shares of Carter's by 221.2% in the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker's stock valued at $47,000 after purchasing an additional 500 shares during the period. Truvestments Capital LLC acquired a new stake in Carter's during the third quarter worth about $74,000. Finally, GAMMA Investing LLC raised its stake in Carter's by 258.0% during the fourth quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker's stock worth $79,000 after purchasing an additional 1,045 shares during the period.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup dropped their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. UBS Group lowered their price objective on 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, 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. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $49.00.

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Carter's Trading Down 4.0 %

Shares of NYSE:CRI traded down $1.65 during mid-day trading on Thursday, reaching $39.91. 1,521,251 shares of the company were exchanged, compared to its average volume of 1,082,620. Carter's, Inc. has a 1 year low of $39.32 and a 1 year high of $88.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The firm's 50-day simple moving average is $50.22 and its 200 day simple moving average is $56.68. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 6.33, a P/E/G ratio of 3.37 and a beta of 1.24.

Carter's (NYSE:CRI - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, topping the consensus estimate of $1.87 by $0.52. The business had revenue of $859.70 million during the quarter, compared to analyst estimates of $835.82 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $2.76 earnings per share. Equities research analysts forecast that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 8.02%. The ex-dividend date of this dividend is Monday, March 10th. Carter's's dividend payout ratio is currently 62.62%.

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.