Aquatic Capital Management LLC Makes New Investment in Carter's, Inc. (NYSE:CRI)

Aquatic Capital Management LLC acquired a new stake in Carter's, Inc. (NYSE:CRI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 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 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CRI. Vanguard Group Inc. increased its position in Carter's by 10.4% in the fourth quarter. Vanguard Group Inc. now owns 3,895,549 shares of the textile maker's stock worth $211,100,000 after purchasing an additional 366,293 shares during the period. Pacer Advisors Inc. grew its stake in Carter's by 155.0% in 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 period. First Trust Advisors LP lifted its stake in Carter's by 33.3% in 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 buying an additional 479,961 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Carter's by 13.6% in the 4th 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 in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Carter's by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,245,943 shares of the textile maker's stock worth $67,518,000 after buying an additional 74,133 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CRI. Citigroup dropped 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. UBS Group dropped their target price on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Barclays assumed coverage on shares of Carter's in a report on Monday, April 28th. They issued an "underweight" rating and a $25.00 target price for the company. Finally, Wells Fargo & Company downgraded Carter's from an "equal weight" rating to an "underweight" rating and dropped their target price for the company from $40.00 to $25.00 in a research report on Wednesday. Three analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat.com, Carter's currently has an average rating of "Reduce" and a consensus price target of $36.20.

Carter's Price Performance

NYSE:CRI traded up $1.62 during midday trading on Friday, hitting $34.96. The company had a trading volume of 1,479,360 shares, compared to its average volume of 1,239,959. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The stock's fifty day moving average price is $38.63 and its 200-day moving average price is $48.84. Carter's, Inc. has a 52-week low of $32.04 and a 52-week high of $72.11. The company has a market capitalization of $1.27 billion, a PE ratio of 5.55, a P/E/G ratio of 3.37 and a beta of 1.05.

Carter's (NYSE:CRI - Get Free Report) last issued 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 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 previous year, the firm earned $0.98 earnings per share. The firm's revenue for the quarter was down 4.8% on a year-over-year basis. As a group, research analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were issued 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 was Monday, March 10th. Carter's's 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.