Wealthfront Advisers LLC Invests $165,000 in Carter’s, Inc. (NYSE:CRI)

Wealthfront Advisers LLC acquired a new position in shares of Carter’s, Inc. (NYSE:CRI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,038 shares of the textile maker’s stock, valued at approximately $165,000.

A number of other hedge funds also recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its position in 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 purchasing an additional 270 shares during the period. Venturi Wealth Management LLC raised its position in Carter’s by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after purchasing an additional 268 shares during the period. AlphaQuest LLC raised its position in 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 purchasing an additional 1,142 shares during the period. Truvestments Capital LLC purchased a new position in Carter’s in the 3rd quarter worth $74,000. Finally, GAMMA Investing LLC raised its position in Carter’s by 258.0% in the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock worth $79,000 after purchasing an additional 1,045 shares during the period.

Carter’s Price Performance

Shares of NYSE CRI opened at $41.01 on Tuesday. Carter’s, Inc. has a 1 year low of $38.84 and a 1 year high of $86.24. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The company’s 50-day moving average is $49.36 and its 200 day moving average is $56.03. The stock has a market capitalization of $1.48 billion, a P/E ratio of 6.51, a P/E/G ratio of 3.37 and a beta of 1.24.

Carter’s (NYSE:CRI) last announced its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.52. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The company had revenue of $859.70 million for the quarter, compared to analysts’ expectations of $835.82 million. During the same quarter in the previous year, the company earned $2.76 earnings per share. Carter’s’s quarterly revenue was up .2% on a year-over-year basis. On average, sell-side analysts expect that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 10th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 7.80%. The ex-dividend date is Monday, March 10th. Carter’s’s payout ratio is currently 62.62%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wells Fargo & Company decreased their target price on shares of 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. UBS Group decreased their price objective on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Finally, Citigroup decreased their price objective on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $49.00.

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.