Nicola Wealth Management LTD. Has $5.05 Million Holdings in Carter’s, Inc. $CRI

Nicola Wealth Management LTD. increased its position in Carter’s, Inc. (NYSE:CRI) by 151.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 179,100 shares of the textile maker’s stock after purchasing an additional 108,000 shares during the period. Nicola Wealth Management LTD. owned about 0.49% of Carter’s worth $5,054,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of Carter’s by 269.0% in the second quarter. Signaturefd LLC now owns 1,000 shares of the textile maker’s stock valued at $30,000 after purchasing an additional 729 shares in the last quarter. Versant Capital Management Inc lifted its stake in Carter’s by 135.4% in the 3rd quarter. Versant Capital Management Inc now owns 1,415 shares of the textile maker’s stock worth $40,000 after acquiring an additional 814 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Carter’s by 202.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker’s stock worth $45,000 after acquiring an additional 995 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Carter’s during the 2nd quarter worth about $110,000. Finally, Covestor Ltd grew its stake in Carter’s by 43.1% during the 3rd quarter. Covestor Ltd now owns 4,216 shares of the textile maker’s stock valued at $119,000 after acquiring an additional 1,269 shares in the last quarter.

Carter’s Stock Down 1.1%

Carter’s stock opened at $35.25 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.26 and a quick ratio of 0.95. Carter’s, Inc. has a fifty-two week low of $23.38 and a fifty-two week high of $55.71. The firm has a fifty day moving average price of $33.03 and a two-hundred day moving average price of $30.58. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 14.27 and a beta of 1.07.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Monday, October 27th. The textile maker reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). Carter’s had a return on equity of 16.71% and a net margin of 3.15%.The business had revenue of $757.84 million during the quarter, compared to the consensus estimate of $760.11 million. During the same quarter in the previous year, the firm posted $1.64 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, November 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 24th. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. Carter’s’s dividend payout ratio is 40.49%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CRI. Wall Street Zen upgraded Carter’s from a “sell” rating to a “hold” rating in a report on Sunday, January 11th. The Goldman Sachs Group increased their target price on shares of Carter’s from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Tuesday, January 13th. Barclays lifted their target price on shares of Carter’s from $23.00 to $26.00 and gave the company an “underweight” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Carter’s in a research note on Friday, January 9th. Finally, Wells Fargo & Company lifted their price objective on Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $32.60.

Carter’s Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.