2 weeks Ago By Defense World Staff
Bank of Montreal Can trimmed its stake in shares of Carter’s, Inc. ( NYSE:CRI – Free Report ) by 27.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 5,819 shares of the textile maker’s stock after selling 2,152 shares during the period. Bank of Montreal Can’s holdings in Carter’s were worth $315,000 at the end of the most recent reporting period. Other large investors also recently modified their holdings of the company.
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 last quarter.
Jones Financial Companies Lllp increased its stake 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 buying an additional 270 shares during the period.
M&T Bank Corp raised its position in shares of Carter’s by 7.2% during the fourth quarter. M&T Bank Corp now owns 4,073 shares of the textile maker’s stock worth $221,000 after acquiring an additional 272 shares during the last quarter.
Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Carter’s by 1.7% during the fourth quarter.
Grantham Mayo Van Otterloo & Co. LLC now owns 26,147 shares of the textile maker’s stock valued at $1,417,000 after acquiring an additional 448 shares during the period. Finally, EverSource Wealth Advisors LLC boosted 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 valued at $29,000 after acquiring an additional 507 shares during the last quarter. Analyst Ratings Changes Several analysts have weighed in on CRI shares.
Wells Fargo & Company dropped their price objective on Carter’s from $65.00 to $48.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th.
UBS Group lowered their price target on shares of Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th.
Finally, Citigroup cut their price objective on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th.
Carter’s Price Performance Shares of CRI opened at $37.28 on Thursday. The stock has a market cap of $1.
34 billion, a P/E ratio of 5.92, a price-to-earnings-growth ratio of 3.37 and a beta of 1.
09. The stock’s 50-day moving average price is $40.96 and its two-hundred day moving average price is $50.
44. 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 1 year low of $32.12 and a 1 year high of $73.90.
Carter’s ( NYSE:CRI – Get Free Report ) last issued its quarterly earnings results on Tuesday, February 25th. The textile maker reported $2.39 EPS for the quarter, beating analysts’ consensus estimates of $1.
87 by $0.52. The company had revenue of $859.
70 million for the quarter, compared to analyst estimates of $835.82 million. Carter’s had a return on equity of 27.
15% and a net margin of 8.11%. The company’s quarterly revenue was up .
2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.76 earnings per share.
On average, equities analysts predict that Carter’s, Inc. will post 5.15 earnings per share for the current year.
Carter’s Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were issued a dividend of $0.80 per share.
This represents a $3.20 annualized dividend and a yield of 8.58%.
The ex-dividend date was Monday, March 10th. Carter’s’s dividend payout ratio is 62.62%.
Carter’s Profile ( Free Report ) 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. Further Reading Five stocks we like better than Carter’s Low PE Growth Stocks: Unlocking Investment Opportunities Can IBM’s Q1 Earnings Spark a Breakout for the Stock? What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story S&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry? Canadian Penny Stocks: Can They Make You Rich? Fundamentally Sound, These 5 Stocks Sold Off Anyway Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter .
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