Raymond James Financial Inc. Purchases New Holdings in Carter's, Inc. (NYSE:CRI)

Raymond James Financial Inc. acquired a new position in shares of Carter's, Inc. (NYSE:CRI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 29,694 shares of the textile maker's stock, valued at approximately $1,609,000. Raymond James Financial Inc. owned 0.08% of Carter's at the end of the most recent quarter.

Several other large investors have also modified their holdings of CRI. Proficio Capital Partners LLC bought a new stake in Carter's during the 4th quarter valued at approximately $1,653,000. M&T Bank Corp boosted its position in shares of Carter's by 7.2% in the fourth quarter. M&T Bank Corp now owns 4,073 shares of the textile maker's stock valued at $221,000 after acquiring an additional 272 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Carter's by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock worth $67,518,000 after acquiring an additional 74,133 shares during the last quarter. Jones Financial Companies Lllp increased 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 acquiring an additional 270 shares during the period. Finally, SRS Capital Advisors Inc. raised its stake 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 purchasing an additional 1,595 shares during the last quarter.

Wall Street Analyst Weigh In

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

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Carter's Price Performance

CRI traded up $1.43 during midday trading on Friday, reaching $37.00. 2,399,494 shares of the company's stock were exchanged, compared to its average volume of 1,167,678. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The business has a 50-day simple moving average of $46.16 and a two-hundred day simple moving average of $53.73. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 5.87, a price-to-earnings-growth ratio of 3.37 and a beta of 1.09. Carter's, Inc. has a one year low of $34.25 and a one year high of $81.00.

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

Carter's Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a $0.80 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 8.65%. Carter's's payout ratio is 62.62%.

Carter's 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.