Crestline Management LP Has $1.86 Million Position in Carter's, Inc. (NYSE:CRI)

Crestline Management LP lifted its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 291.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,316 shares of the textile maker's stock after purchasing an additional 25,539 shares during the period. Crestline Management LP owned 0.10% of Carter's worth $1,860,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CRI. Jones Financial Companies Lllp grew its holdings in Carter's by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after purchasing an additional 270 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Carter's by 2,112.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock worth $29,000 after acquiring an additional 507 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Carter's by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock worth $54,000 after acquiring an additional 268 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Carter's in the 4th quarter valued at $54,000. Finally, AlphaQuest LLC lifted its holdings in 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 purchasing an additional 1,142 shares during the last quarter.

Carter's Stock Performance

Carter's stock traded down $0.27 during midday trading on Friday, hitting $34.16. The company's stock had a trading volume of 1,062,252 shares, compared to its average volume of 1,256,055. The company has a 50-day moving average price of $37.82 and a two-hundred day moving average price of $47.82. Carter's, Inc. has a 1-year low of $32.04 and a 1-year high of $72.11. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 5.42, a PEG ratio of 3.37 and a beta of 1.05. 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 issued 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. The business had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The firm's quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. As a group, sell-side analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a yield of 9.37%. Carter's's payout ratio is 70.80%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group decreased their price objective on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Barclays started coverage on shares of Carter's in a research note on Monday, April 28th. They issued an "underweight" rating and a $25.00 price target on the stock. Wells Fargo & Company downgraded shares of Carter's from an "equal weight" rating to an "underweight" rating and cut their price objective for the stock from $40.00 to $25.00 in a research report on Wednesday, April 30th. Finally, Citigroup decreased their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Based on data from MarketBeat, Carter's currently has a consensus rating of "Reduce" and a consensus 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.