Islay Capital Management LLC Takes $793,000 Position in Carter’s, Inc. (NYSE:CRI)

Islay Capital Management LLC acquired a new position in Carter’s, Inc. (NYSE:CRI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,640 shares of the textile maker’s stock, valued at approximately $793,000.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Carter’s by 10.4% during the 4th quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker’s stock worth $211,100,000 after buying an additional 366,293 shares in the last quarter. Pacer Advisors Inc. lifted its stake in Carter’s by 155.0% in the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker’s stock worth $154,500,000 after acquiring an additional 1,732,857 shares during the period. Wellington Management Group LLP grew its holdings in Carter’s by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,545,436 shares of the textile maker’s stock worth $100,422,000 after acquiring an additional 60,089 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Carter’s by 6.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker’s stock valued at $67,518,000 after purchasing an additional 74,133 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Carter’s by 15.4% in the 4th quarter. American Century Companies Inc. now owns 1,067,176 shares of the textile maker’s stock valued at $57,830,000 after purchasing an additional 142,514 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Carter’s from $65.00 to $48.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Citigroup cut their price target on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, UBS Group reduced their price target on Carter’s from $57.00 to $49.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, Carter’s has an average rating of “Hold” and an average target price of $49.00.

Carter’s Price Performance

NYSE CRI opened at $37.00 on Friday. The firm’s fifty day simple moving average is $45.81 and its two-hundred day simple moving average is $53.50. The firm has a market capitalization of $1.33 billion, a P/E ratio of 5.87, a P/E/G ratio of 3.37 and a beta of 1.09. 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 12-month low of $34.40 and a 12-month high of $78.23.

Carter’s (NYSE:CRI) last announced its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.76 EPS. Analysts forecast that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 8.65%. The ex-dividend date was Monday, March 10th. Carter’s’s dividend payout ratio is presently 62.62%.

Carter’s Company Profile

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.