Hudson Bay Capital Management LP Buys Shares of 139,451 Carter's, Inc. (NYSE:CRI)

Hudson Bay Capital Management LP bought a new stake in Carter's, Inc. (NYSE:CRI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 139,451 shares of the textile maker's stock, valued at approximately $7,557,000. Hudson Bay Capital Management LP owned about 0.39% of Carter's at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Carter's by 10.4% during the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock valued at $211,100,000 after acquiring an additional 366,293 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Carter's by 155.0% during the fourth quarter. Pacer Advisors Inc. now owns 2,851,079 shares of the textile maker's stock valued at $154,500,000 after acquiring an additional 1,732,857 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Carter's by 33.3% during the fourth quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker's stock valued at $104,042,000 after acquiring an additional 479,961 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Carter's by 124.4% during the fourth quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker's stock valued at $93,134,000 after acquiring an additional 964,494 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Carter's by 13.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,489 shares of the textile maker's stock valued at $67,651,000 after acquiring an additional 149,058 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays assumed coverage on shares of Carter's in a research note on Monday, April 28th. They set an "underweight" rating and a $25.00 price objective for the company. Wells Fargo & Company upped their price objective on shares of Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a research note on Wednesday. UBS Group lowered their price objective on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Citigroup decreased their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $36.80.

Carter's Trading Up 2.2%

CRI stock traded up $0.79 during trading on Friday, reaching $37.08. The company had a trading volume of 1,357,234 shares, compared to its average volume of 1,276,089. Carter's, Inc. has a 52 week low of $32.04 and a 52 week high of $71.99. The company has a market cap of $1.35 billion, a P/E ratio of 5.88, a PEG ratio of 3.37 and a beta of 1.05. The business has a 50 day moving average of $37.26 and a 200 day moving average of $47.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96.

Carter's (NYSE:CRI - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.13. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The company had revenue of $291.09 million during the quarter, compared to the consensus estimate of $624.86 million. During the same period in the prior year, the firm earned $0.98 earnings per share. Carter's's revenue was down 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date of this dividend was Monday, March 10th. Carter's's dividend payout ratio is 70.80%.

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.