14,640 Shares in Carter's, Inc. (NYSE:CRI) Bought by Islay Capital Management LLC

Islay Capital Management LLC bought a new stake in Carter's, Inc. (NYSE:CRI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,640 shares of the textile maker's stock, valued at approximately $793,000.

A number of other institutional investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its position in shares of Carter's by 114.4% during the 4th 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 in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Carter's by 2,112.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock worth $29,000 after buying an additional 507 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Carter's by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock worth $54,000 after buying an additional 268 shares during the period. New Age Alpha Advisors LLC acquired a new stake in Carter's in the 4th quarter valued at $54,000. Finally, AlphaQuest LLC grew its position in Carter's by 16,314.3% in the fourth quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock valued at $62,000 after acquiring an additional 1,142 shares during the period.

Wall Street Analyst Weigh In

CRI has been the topic of several analyst reports. UBS Group lowered their target price 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. Wells Fargo & Company dropped their price objective on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. Finally, Citigroup decreased their price target on 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 company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $49.00.

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Carter's Trading Down 7.9 %

Shares of CRI stock traded down $3.09 on Thursday, reaching $35.89. 628,521 shares of the stock were exchanged, compared to its average volume of 1,184,134. The stock has a 50 day moving average price of $43.99 and a 200 day moving average price of $52.37. The stock has a market cap of $1.29 billion, a PE ratio of 5.64, a P/E/G ratio of 3.37 and a beta of 1.09. Carter's, Inc. has a one year low of $32.12 and a one year high of $75.11. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

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

Carter's Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were given a dividend of $0.80 per share. The ex-dividend date was Monday, March 10th. This represents a $3.20 annualized dividend and a dividend yield of 8.92%. Carter's's payout ratio is currently 62.62%.

Carter's Company 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.