Orion Portfolio Solutions LLC Lowers Position in Carter’s, Inc. (NYSE:CRI)

Orion Portfolio Solutions LLC decreased its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 26.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,269 shares of the textile maker’s stock after selling 1,905 shares during the period. Orion Portfolio Solutions LLC’s holdings in Carter’s were worth $286,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings 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 valued at $27,000 after acquiring an additional 270 shares during the period. EverSource Wealth Advisors LLC raised its holdings 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 worth $29,000 after purchasing 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 fourth 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 during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Carter’s in the 4th quarter valued at about $54,000. Finally, AlphaQuest LLC grew its position in shares of Carter’s by 16,314.3% in the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker’s stock worth $62,000 after buying an additional 1,142 shares during the last quarter.

Carter’s Stock Up 18.6 %

NYSE:CRI opened at $39.03 on Thursday. 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 $32.12 and a twelve month high of $75.11. The company has a market cap of $1.41 billion, a PE ratio of 6.20, a P/E/G ratio of 3.37 and a beta of 1.09. The company’s 50 day moving average is $43.99 and its two-hundred day moving average is $52.37.

Carter’s (NYSE:CRI) 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 firm had revenue of $859.70 million for the quarter, compared to analyst estimates of $835.82 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.76 earnings per share. Analysts anticipate that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were given a $0.80 dividend. The ex-dividend date was Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a yield of 8.20%. Carter’s’s dividend payout ratio is currently 62.62%.

Wall Street Analysts Forecast Growth

CRI has been the subject of a number of analyst reports. Citigroup decreased their target price on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. UBS Group decreased their price objective 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 dropped their target price 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. One 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 stock 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.