Thompson Davis & CO. Inc. Purchases Shares of 46,295 Carter’s, Inc. $CRI

Thompson Davis & CO. Inc. acquired a new position in shares of Carter’s, Inc. (NYSE:CRI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 46,295 shares of the textile maker’s stock, valued at approximately $1,395,000. Carter’s makes up about 0.6% of Thompson Davis & CO. Inc.’s investment portfolio, making the stock its 28th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Carter’s by 2.4% in the first quarter. Principal Financial Group Inc. now owns 178,959 shares of the textile maker’s stock valued at $7,319,000 after purchasing an additional 4,145 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Carter’s by 2.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 52,629 shares of the textile maker’s stock valued at $2,153,000 after buying an additional 1,389 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Carter’s by 39.6% in the 1st quarter. Nisa Investment Advisors LLC now owns 21,400 shares of the textile maker’s stock valued at $875,000 after buying an additional 6,070 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Carter’s by 313.1% during the 1st quarter. Allworth Financial LP now owns 723 shares of the textile maker’s stock worth $28,000 after acquiring an additional 548 shares during the period. Finally, Kingsview Wealth Management LLC bought a new stake in Carter’s in the first quarter valued at about $3,295,000.

Analyst Ratings Changes

A number of research analysts have commented on CRI shares. Barclays raised their price target on shares of Carter’s from $23.00 to $26.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 28th. UBS Group lifted their price objective on Carter’s from $26.00 to $33.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Carter’s in a research report on Tuesday, October 14th. Wells Fargo & Company boosted their price target on Carter’s from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Tuesday, October 28th. Finally, Citigroup raised their price objective on Carter’s from $28.00 to $34.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Two research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Strong Sell” and an average target price of $29.50.

Carter’s Price Performance

Shares of Carter’s stock opened at $33.70 on Thursday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 13.44 and a beta of 1.08. Carter’s, Inc. has a twelve month low of $23.38 and a twelve month high of $58.13. The company has a quick ratio of 1.03, a current ratio of 2.26 and a debt-to-equity ratio of 0.58. The company has a 50-day simple moving average of $30.38 and a two-hundred day simple moving average of $30.42.

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

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.