Hennion & Walsh Asset Management Inc. Makes New $255,000 Investment in Carter’s, Inc. (NYSE:CRI)

Hennion & Walsh Asset Management Inc. acquired a new position in Carter’s, Inc. (NYSE:CRI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,013 shares of the textile maker’s stock, valued at approximately $255,000.

Several other hedge funds have also bought and sold shares of CRI. Norges Bank purchased a new stake in Carter’s in the 4th quarter worth approximately $31,193,000. Pacer Advisors Inc. boosted its position in Carter’s by 59.3% in the 4th quarter. Pacer Advisors Inc. now owns 632,671 shares of the textile maker’s stock worth $47,381,000 after purchasing an additional 235,431 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Carter’s by 270.4% during the 3rd quarter. American Century Companies Inc. now owns 309,049 shares of the textile maker’s stock worth $21,371,000 after buying an additional 225,614 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Carter’s by 189.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 265,680 shares of the textile maker’s stock worth $19,897,000 after buying an additional 173,855 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Carter’s by 585.0% during the 4th quarter. BNP Paribas Financial Markets now owns 111,163 shares of the textile maker’s stock worth $8,325,000 after buying an additional 94,935 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company reduced their target price on Carter’s from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 24th. StockNews.com downgraded Carter’s from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Citigroup reduced their target price on Carter’s from $66.00 to $64.00 and set a “sell” rating for the company in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $73.80.

Carter’s Stock Up 0.5 %

NYSE CRI opened at $61.74 on Friday. The business has a fifty day moving average price of $66.54 and a 200 day moving average price of $74.00. Carter’s, Inc. has a one year low of $60.57 and a one year high of $88.03. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.30 and a current ratio of 2.43. The company has a market cap of $2.25 billion, a P/E ratio of 9.74, a P/E/G ratio of 3.02 and a beta of 1.22.

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

Carter’s Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date of this dividend was Friday, May 24th. Carter’s’s dividend payout ratio (DPR) is presently 50.47%.

Carter’s Profile

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.