Dark Forest Capital Management LP Has $1.33 Million Holdings in Carter's, Inc. (NYSE:CRI)

Dark Forest Capital Management LP decreased its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 66.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,583 shares of the textile maker's stock after selling 48,938 shares during the period. Dark Forest Capital Management LP owned 0.07% of Carter's worth $1,332,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CRI. Barclays PLC grew its stake in shares of Carter's by 58.7% in the third quarter. Barclays PLC now owns 20,077 shares of the textile maker's stock worth $1,304,000 after purchasing an additional 7,429 shares in the last quarter. Virtu Financial LLC bought a new stake in Carter's during the third quarter worth approximately $692,000. Franklin Resources Inc. increased its position in shares of Carter's by 109.8% during the 3rd quarter. Franklin Resources Inc. now owns 38,617 shares of the textile maker's stock valued at $2,468,000 after purchasing an additional 20,210 shares during the period. GAMMA Investing LLC raised its stake in shares of Carter's by 258.0% in the 4th quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker's stock worth $79,000 after buying an additional 1,045 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its stake in Carter's by 66.7% during the fourth quarter. Pallas Capital Advisors LLC now owns 5,182 shares of the textile maker's stock valued at $281,000 after buying an additional 2,074 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Citigroup lowered their price objective on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company reduced their price objective on Carter's from $65.00 to $48.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. Barclays assumed coverage on Carter's in a report on Monday. They set an "underweight" rating and a $25.00 target price for the company. Finally, UBS Group reduced their price objective on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $44.20.

Carter's Stock Down 3.8 %

CRI stock traded down $1.28 during mid-day trading on Monday, hitting $32.59. The stock had a trading volume of 738,496 shares, compared to its average volume of 1,463,081. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 5.17, a PEG ratio of 3.37 and a beta of 1.09. The company has a fifty day moving average of $40.30 and a 200 day moving average of $49.95. Carter's, Inc. has a 1-year low of $32.12 and a 1-year high of $72.11.

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, topping analysts' consensus estimates of $0.53 by $0.13. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The company had revenue of $291.09 million during the quarter, compared to analyst estimates of $624.86 million. On average, equities analysts expect that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Dividend Announcement

The firm also recently declared 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 9.82%. Carter's's dividend payout ratio 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.