33,976 Shares in Carter’s, Inc. (NYSE:CRI) Bought by Alexander Randolph Advisory Inc.

Alexander Randolph Advisory Inc. bought a new position in Carter’s, Inc. (NYSE:CRI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 33,976 shares of the textile maker’s stock, valued at approximately $2,544,000. Carter’s accounts for about 2.3% of Alexander Randolph Advisory Inc.’s holdings, making the stock its 17th largest holding. Alexander Randolph Advisory Inc. owned about 0.09% of Carter’s at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CRI. Blue Trust Inc. boosted its holdings in Carter’s by 28.6% in the 4th quarter. Blue Trust Inc. now owns 630 shares of the textile maker’s stock worth $44,000 after buying an additional 140 shares during the period. Stevens Capital Management LP bought a new position in shares of Carter’s in the 4th quarter valued at about $204,000. Seven Eight Capital LP bought a new position in shares of Carter’s in the 3rd quarter valued at about $234,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Carter’s in the 3rd quarter valued at about $236,000. Finally, Truvestments Capital LLC lifted its holdings in shares of Carter’s by 24.3% in the 3rd quarter. Truvestments Capital LLC now owns 3,594 shares of the textile maker’s stock valued at $249,000 after acquiring an additional 703 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently commented on CRI. UBS Group increased their price target on shares of Carter’s from $76.00 to $79.00 and gave the company a “neutral” rating in a report on Wednesday, February 28th. Evercore ISI increased their price objective on shares of Carter’s from $70.00 to $80.00 and gave the stock an “in-line” rating in a research report on Wednesday, February 28th. Wedbush increased their price objective on shares of Carter’s from $67.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. Monness Crespi & Hardt lowered shares of Carter’s from a “buy” rating to a “neutral” rating in a research report on Monday, February 26th. Finally, Citigroup reduced their target price on shares of Carter’s from $66.00 to $64.00 and set a “sell” rating on the stock in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.80.

Insider Buying and Selling

In related news, Director Mark Hipp sold 1,875 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $81.74, for a total transaction of $153,262.50. Following the completion of the transaction, the director now owns 10,216 shares of the company’s stock, valued at $835,055.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Carter’s Stock Down 2.2 %

CRI stock traded down $1.55 during trading on Friday, hitting $70.01. 1,722,308 shares of the company’s stock traded hands, compared to its average volume of 775,948. The firm has a market capitalization of $2.57 billion, a P/E ratio of 11.04, a PEG ratio of 2.04 and a beta of 1.29. The business has a fifty day simple moving average of $79.73 and a two-hundred day simple moving average of $74.83. The company has a quick ratio of 1.10, a current ratio of 2.15 and a debt-to-equity ratio of 0.59. Carter’s, Inc. has a 1 year low of $60.65 and a 1 year high of $88.03.

Carter’s (NYSE:CRI) last announced its earnings results on Tuesday, February 27th. The textile maker reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.24. Carter’s had a net margin of 7.89% and a return on equity of 28.79%. The company had revenue of $858.00 million during the quarter, compared to the consensus estimate of $867.81 million. During the same period last year, the firm earned $2.29 earnings per share. Carter’s’s revenue was down 5.9% compared to the same quarter last year. Sell-side analysts anticipate that Carter’s, Inc. will post 6.3 EPS for the current year.

Carter’s Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 11th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Friday, March 8th. This is a boost from Carter’s’s previous quarterly dividend of $0.75. Carter’s’s dividend payout ratio (DPR) is 50.47%.

Carter’s Company 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.