Salem Investment Counselors Inc. Buys 33,845 Shares of Carter’s, Inc. $CRI

Salem Investment Counselors Inc. lifted its stake in Carter’s, Inc. (NYSE:CRI) by 37.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 125,115 shares of the textile maker’s stock after acquiring an additional 33,845 shares during the quarter. Salem Investment Counselors Inc. owned approximately 0.34% of Carter’s worth $4,057,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amalgamated Bank boosted its position in Carter’s by 3.5% during the third quarter. Amalgamated Bank now owns 10,756 shares of the textile maker’s stock valued at $304,000 after purchasing an additional 360 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Carter’s by 8.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,356 shares of the textile maker’s stock worth $282,000 after purchasing an additional 732 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Carter’s by 4.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 16,482 shares of the textile maker’s stock worth $497,000 after purchasing an additional 734 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Carter’s by 0.7% during the 3rd quarter. Legal & General Group Plc now owns 111,691 shares of the textile maker’s stock worth $3,152,000 after purchasing an additional 739 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Carter’s by 135.4% during the 3rd quarter. Versant Capital Management Inc now owns 1,415 shares of the textile maker’s stock worth $40,000 after purchasing an additional 814 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on CRI shares. Wall Street Zen raised shares of Carter’s from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. Citigroup raised shares of Carter’s from a “neutral” rating to a “buy” rating and upped their price target for the stock from $34.00 to $50.00 in a research report on Wednesday, January 21st. UBS Group increased their price target on shares of Carter’s from $33.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Zacks Research raised shares of Carter’s from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 19th. Finally, The Goldman Sachs Group boosted their price objective on shares of Carter’s from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $35.83.

Carter’s Stock Performance

Shares of NYSE CRI opened at $34.49 on Tuesday. The company has a current ratio of 2.51, a quick ratio of 1.44 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $1.25 billion, a P/E ratio of 13.69, a P/E/G ratio of 5.19 and a beta of 1.07. Carter’s, Inc. has a 12 month low of $23.38 and a 12 month high of $44.44. The stock has a 50 day moving average of $36.87 and a 200-day moving average of $33.22.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Friday, February 27th. The textile maker reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.20. Carter’s had a return on equity of 14.45% and a net margin of 3.17%.The business had revenue of $925.45 million for the quarter, compared to analysts’ expectations of $912.36 million. During the same quarter in the prior year, the business earned $2.39 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Carter’s has set its Q1 2026 guidance at 0.020-0.080 EPS. As a group, equities research analysts predict that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.9%. Carter’s’s dividend payout ratio is presently 39.68%.

Carter’s Company 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.