Park Avenue Securities LLC Takes $208,000 Position in Carter’s, Inc. (NYSE:CRI)

Park Avenue Securities LLC acquired a new stake in shares of Carter’s, Inc. (NYSE:CRI) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,459 shares of the textile maker’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ables Iannone Moore & Associates Inc. acquired a new stake in Carter’s in the 4th quarter valued at $37,000. Blue Trust Inc. boosted its stake in Carter’s by 28.6% in the fourth quarter. Blue Trust Inc. now owns 630 shares of the textile maker’s stock worth $44,000 after purchasing an additional 140 shares in the last quarter. Parallel Advisors LLC boosted its stake in Carter’s by 457.2% in the fourth quarter. Parallel Advisors LLC now owns 808 shares of the textile maker’s stock worth $61,000 after purchasing an additional 663 shares in the last quarter. Stevens Capital Management LP acquired a new position in Carter’s in the fourth quarter worth $204,000. Finally, KBC Group NV boosted its stake in Carter’s by 214.9% in the fourth quarter. KBC Group NV now owns 2,910 shares of the textile maker’s stock worth $218,000 after purchasing an additional 1,986 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have commented on CRI. StockNews.com lowered Carter’s from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Citigroup cut their price target on Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a research note on Thursday, April 18th. Finally, Wells Fargo & Company cut their price target on Carter’s from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $73.80.

Carter’s Trading Up 0.5 %

NYSE CRI opened at $61.44 on Wednesday. The stock has a 50-day simple moving average of $66.96 and a 200 day simple moving average of $74.17. The company has a market capitalization of $2.24 billion, a PE ratio of 9.69, a P/E/G ratio of 3.04 and a beta of 1.22. The company has a current ratio of 2.43, a quick ratio of 1.30 and a debt-to-equity ratio of 0.59. Carter’s, Inc. has a 12 month low of $60.57 and a 12 month high of $88.03.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Friday, April 26th. The textile maker reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.33. The business had revenue of $661.49 million during the quarter, compared to the consensus estimate of $633.05 million. Carter’s had a return on equity of 28.55% and a net margin of 8.06%. Research analysts forecast that Carter’s, Inc. will post 6.3 EPS for the current year.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th were issued a $0.80 dividend. The ex-dividend date of this dividend was Friday, May 24th. This represents a $3.20 annualized dividend and a dividend yield of 5.21%. Carter’s’s dividend payout ratio (DPR) is currently 50.47%.

About Carter’s

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.