Css LLC Il Makes New $303,000 Investment in Carter’s, Inc. (NYSE:CRI)

Css LLC Il bought a new stake in shares of Carter’s, Inc. (NYSE:CRI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,600 shares of the textile maker’s stock, valued at approximately $303,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake 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 worth $27,000 after purchasing an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Carter’s by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock valued at $29,000 after purchasing an additional 507 shares during the last quarter. Colonial Trust Co SC bought a new position in Carter’s in the fourth quarter worth about $29,000. True Wealth Design LLC lifted its position in shares of Carter’s by 173.0% during the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker’s stock valued at $49,000 after buying an additional 571 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Carter’s by 36.9% in 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.

Carter’s Stock Up 0.8%

NYSE:CRI opened at $32.38 on Friday. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter’s, Inc. has a twelve month low of $31.46 and a twelve month high of $71.99. The company has a market cap of $1.18 billion, a PE ratio of 5.14, a P/E/G ratio of 3.37 and a beta of 1.05. The company’s 50 day moving average is $36.76 and its two-hundred day moving average is $46.56.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping the consensus estimate of $0.53 by $0.13. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The business had revenue of $291.09 million during the quarter, compared to the consensus estimate of $624.86 million. During the same period in the previous year, the firm posted $0.98 earnings per share. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. Analysts anticipate that Carter’s, Inc. will post 5.15 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. UBS Group reduced their price objective on shares of Carter’s from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Barclays began coverage on Carter’s in a research report on Monday, April 28th. They set an “underweight” rating and a $25.00 price target on the stock. Citigroup decreased their price objective on Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Finally, Wells Fargo & Company boosted their target price on Carter’s from $25.00 to $28.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $36.80.

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.