12,857 Shares in Carter's, Inc. (NYSE:CRI) Purchased by Bayforest Capital Ltd

Bayforest Capital Ltd acquired a new stake in Carter's, Inc. (NYSE:CRI - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 12,857 shares of the textile maker's stock, valued at approximately $526,000.

A number of other hedge funds have also recently bought and sold shares of CRI. Colonial Trust Co SC bought a new position in shares of Carter's in the 4th quarter worth $29,000. Allworth Financial LP boosted its position in shares of Carter's by 313.1% in the 1st quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock worth $28,000 after purchasing an additional 548 shares during the last quarter. True Wealth Design LLC boosted its position in shares of Carter's by 173.0% in the 4th quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock worth $49,000 after purchasing an additional 571 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Carter's in the 4th quarter worth $54,000. Finally, Parallel Advisors LLC raised its stake in Carter's by 80.9% during the 1st quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock worth $43,000 after buying an additional 475 shares during the period.

Carter's Stock Down 2.6%

Shares of NYSE:CRI traded down $0.62 during midday trading on Friday, reaching $23.62. The company had a trading volume of 1,636,538 shares, compared to its average volume of 1,568,102. The company has a quick ratio of 1.03, a current ratio of 2.20 and a debt-to-equity ratio of 0.58. The business's 50 day moving average price is $30.91 and its 200 day moving average price is $38.57. The stock has a market cap of $860.48 million, a PE ratio of 6.27 and a beta of 0.98. Carter's, Inc. has a 1-year low of $23.38 and a 1-year high of $71.99.

Carter's (NYSE:CRI - Get Free Report) last released its earnings results on Friday, July 25th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.26). The company had revenue of $585.31 million during the quarter, compared to analyst estimates of $563.24 million. Carter's had a net margin of 4.79% and a return on equity of 20.68%. Carter's's revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. Research analysts forecast that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Increases Dividend

The business also recently announced a dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, June 3rd were given a $0.25 dividend. This is an increase from Carter's's previous dividend of $0.22. This represents a dividend yield of 319.0%. The ex-dividend date of this dividend was Monday, June 2nd. Carter's's dividend payout ratio (DPR) is presently 26.53%.

Analysts Set New Price Targets

Several analysts recently commented on CRI shares. Barclays dropped their price objective on Carter's from $25.00 to $22.00 and set an "underweight" rating on the stock in a research note on Tuesday. UBS Group dropped their price target on Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Wells Fargo & Company lifted their price target on Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a research note on Wednesday, May 14th.

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.