Security National Bank Makes New Investment in Carter’s, Inc. (NYSE:CRI)

Security National Bank bought a new position in Carter’s, Inc. (NYSE:CRI) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,684 shares of the textile maker’s stock, valued at approximately $69,000.

Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp increased its position in Carter’s by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after buying an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of 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 purchasing an additional 507 shares in the last quarter. Colonial Trust Co SC bought a new stake in shares of Carter’s during the 4th quarter valued at $29,000. True Wealth Design LLC raised its stake in shares of Carter’s by 173.0% during the 4th quarter. True Wealth Design LLC now owns 901 shares of the textile maker’s stock valued at $49,000 after purchasing an additional 571 shares during the period. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Carter’s during the 4th quarter valued at $54,000.

Carter’s Price Performance

Carter’s stock opened at $30.21 on Thursday. Carter’s, Inc. has a 52 week low of $29.36 and a 52 week high of $71.99. The business has a 50-day simple moving average of $33.24 and a 200 day simple moving average of $42.85. The company has a quick ratio of 1.40, a current ratio of 2.56 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 6.68 and a beta of 1.00.

Carter’s (NYSE:CRI) last posted its earnings results on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping the consensus estimate of $0.53 by $0.13. Carter’s had a return on equity of 23.50% and a net margin of 5.80%. The business had revenue of $291.09 million during the quarter, compared to analysts’ expectations of $624.86 million. During the same period in the previous year, the business earned $0.98 earnings per share. The firm’s revenue was down 4.8% on a year-over-year basis. On average, research analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, June 3rd were given a dividend of $0.25 per share. This represents a yield of 3.19%. This is a boost from Carter’s’s previous dividend of $0.22. The ex-dividend date was Monday, June 2nd. Carter’s’s payout ratio is presently 22.12%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Barclays assumed coverage on Carter’s in a research note on Monday, April 28th. They set an “underweight” rating and a $25.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Carter’s from $25.00 to $28.00 and gave the company an “underweight” rating in a research note on Wednesday, May 14th. Citigroup decreased their price objective on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group decreased their price objective on Carter’s from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. According to MarketBeat.com, Carter’s presently has a consensus rating of “Reduce” and a consensus price target of $36.80.

Carter’s 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.