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

Proficio Capital Partners LLC purchased a new position in Carter's, Inc. (NYSE:CRI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,509 shares of the textile maker's stock, valued at approximately $1,653,000. Proficio Capital Partners LLC owned approximately 0.08% of Carter's at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CRI. Jones Financial Companies Lllp raised its position in shares of Carter's by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after acquiring an additional 270 shares in the last quarter. Venturi Wealth Management LLC increased its position 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 buying an additional 268 shares in the last quarter. Truvestments Capital LLC acquired a new position in Carter's during the 3rd quarter valued at about $74,000. GAMMA Investing LLC increased its position in Carter's by 258.0% during the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker's stock valued at $79,000 after buying an additional 1,045 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its position in Carter's by 8,394.7% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,614 shares of the textile maker's stock valued at $87,000 after buying an additional 1,595 shares in the last quarter.

Carter's Stock Performance

Shares of CRI stock traded down $0.04 during mid-day trading on Friday, reaching $40.81. The stock had a trading volume of 7,530,286 shares, compared to its average volume of 1,105,316. The business's fifty day moving average is $48.50 and its 200-day moving average is $55.39. 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 firm has a market cap of $1.47 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 3.37 and a beta of 1.24. Carter's, Inc. has a 1-year low of $38.84 and a 1-year high of $86.24.

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Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings data 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 for 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 revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $2.76 earnings per share. On average, research analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 10th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend is Monday, March 10th. Carter's's dividend payout ratio is presently 62.62%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. 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. Citigroup reduced their target price 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. Finally, UBS Group reduced their target price on Carter's from $57.00 to $49.00 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 given a hold rating to the company. Based on data from MarketBeat.com, Carter's currently has a consensus rating of "Hold" and an average target price of $49.00.

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.