Brevan Howard Capital Management LP Acquires 10,508 Shares of Carter's, Inc. (NYSE:CRI)

Brevan Howard Capital Management LP increased its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 41.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,895 shares of the textile maker's stock after purchasing an additional 10,508 shares during the period. Brevan Howard Capital Management LP owned approximately 0.10% of Carter's worth $1,945,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CRI. Jones Financial Companies Lllp increased its holdings in shares of Carter's by 114.4% in 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 boosted its position in Carter's by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock valued at $29,000 after buying an additional 507 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Carter's by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after buying an additional 268 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Carter's in the 4th quarter valued at about $54,000. Finally, AlphaQuest LLC raised its holdings in Carter's by 16,314.3% in the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock worth $62,000 after purchasing an additional 1,142 shares during the period.

Carter's Stock Up 4.1%

NYSE CRI traded up $1.39 during trading hours on Monday, reaching $35.54. 537,877 shares of the company traded hands, compared to its average volume of 1,253,354. The company has a 50 day moving average of $37.82 and a two-hundred day moving average of $47.69. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter's, Inc. has a 12 month low of $32.04 and a 12 month high of $72.11. The stock has a market capitalization of $1.29 billion, a PE ratio of 5.65, a PEG ratio of 3.37 and a beta of 1.05.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.13. The firm had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. Carter's had a net margin of 8.11% and a return on equity of 27.15%. Carter's's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.98 EPS. As a group, equities analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 9.01%. The ex-dividend date of this dividend was Monday, March 10th. Carter's's payout ratio is 70.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Citigroup reduced their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company lowered 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 report on Wednesday, April 30th. UBS Group reduced their price objective on Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Barclays initiated coverage on shares of Carter's in a report on Monday, April 28th. They issued an "underweight" rating and a $25.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, Carter's currently has an average rating of "Reduce" and an average price target of $36.20.

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.