Aquatic Capital Management LLC Invests $2.27 Million in Carter's, Inc. (NYSE:CRI)

Aquatic Capital Management LLC purchased a new position in Carter's, Inc. (NYSE:CRI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 41,841 shares of the textile maker's stock, valued at approximately $2,267,000. Aquatic Capital Management LLC owned about 0.12% of Carter's at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its position in shares of Carter's by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after acquiring an additional 270 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Carter's by 2,112.5% during 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 during the period. Venturi Wealth Management LLC increased its position in Carter's by 36.9% in the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock worth $54,000 after buying an additional 268 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Carter's in the fourth quarter worth about $54,000. Finally, AlphaQuest LLC lifted its position in shares of Carter's by 16,314.3% during the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock valued at $62,000 after buying an additional 1,142 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CRI. Barclays assumed coverage on shares of Carter's in a research report on Monday. They set an "underweight" rating and a $25.00 price objective on the stock. Citigroup dropped their price objective on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Wells Fargo & Company downgraded Carter's from an "equal weight" rating to an "underweight" rating and decreased their target price for the company from $40.00 to $25.00 in a research note on Wednesday. Finally, UBS Group reduced their price objective on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $36.20.

Carter's Price Performance

Shares of CRI traded up $1.62 during mid-day trading on Friday, hitting $34.96. 1,479,360 shares of the stock were exchanged, compared to its average volume of 1,238,471. The firm has a 50-day moving average of $38.81 and a two-hundred day moving average of $49.31. Carter's, Inc. has a 52-week low of $32.04 and a 52-week high of $72.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The company has a market cap of $1.26 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 3.37 and a beta of 1.09.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $624.86 million. During the same period in the prior year, the firm posted $0.98 EPS. The firm's revenue was down 4.8% compared to the same quarter last year. On average, equities analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors 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 9.15%. The ex-dividend date of this dividend was Monday, March 10th. Carter's's dividend payout ratio (DPR) is currently 70.80%.

About Carter's

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.