Proficio Capital Partners LLC Invests $1.65 Million in Carter's, Inc. (NYSE:CRI)

Proficio Capital Partners LLC acquired a new position in shares of Carter's, Inc. (NYSE:CRI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 30,509 shares of the textile maker's stock, valued at approximately $1,653,000. Proficio Capital Partners LLC owned 0.08% of Carter's at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRI. Capital Performance Advisors LLP acquired a new position in Carter's during the third quarter worth $28,000. Venturi Wealth Management LLC grew its holdings in Carter's by 221.2% during the third quarter. Venturi Wealth Management LLC now owns 726 shares of the textile maker's stock worth $47,000 after acquiring an additional 500 shares during the period. Truvestments Capital LLC acquired a new position in Carter's during the third quarter worth $74,000. GAMMA Investing LLC grew its holdings 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 acquiring an additional 1,045 shares during the period. Finally, KBC Group NV grew its holdings in Carter's by 136.7% in the fourth quarter. KBC Group NV now owns 1,780 shares of the textile maker's stock valued at $96,000 after purchasing an additional 1,028 shares during the last quarter.

Carter's Stock Up 1.6 %

NYSE CRI traded up $0.63 during mid-day trading on Friday, reaching $41.49. 1,264,561 shares of the company's stock traded hands, compared to its average volume of 1,157,742. Carter's, Inc. has a 1-year low of $39.88 and a 1-year high of $88.03. The company has a fifty day simple moving average of $51.15 and a 200-day simple moving average of $57.38. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 6.59, a P/E/G ratio of 3.37 and a beta of 1.24.

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

Carter's Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 10th will be given a dividend of $0.80 per share. The ex-dividend date is Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a yield of 7.71%. Carter's's dividend payout ratio (DPR) is presently 62.62%.

Analysts Set New Price Targets

Several research firms have weighed in on CRI. Citigroup lowered their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company decreased their price objective on Carter's from $65.00 to $48.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group decreased their price objective on Carter's from $57.00 to $49.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $49.00.

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.