Bayforest Capital Ltd Purchases Shares of 12,857 Carter's, Inc. (NYSE:CRI)

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

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hsbc Holdings PLC raised its stake in shares of Carter's by 7.1% during the fourth quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker's stock valued at $279,000 after acquiring an additional 347 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in Carter's by 1.7% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 26,147 shares of the textile maker's stock worth $1,417,000 after purchasing an additional 448 shares during the period. Parallel Advisors LLC raised its position in Carter's by 80.9% during the 1st quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock valued at $43,000 after purchasing an additional 475 shares in the last quarter. Colonial Trust Co SC purchased a new stake in shares of Carter's in the 4th quarter worth $29,000. Finally, Allworth Financial LP lifted its holdings 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 buying an additional 548 shares during the period.

Carter's Stock Down 2.6%

Shares of CRI traded down $0.62 during trading hours on Friday, hitting $23.62. The company had a trading volume of 1,636,538 shares, compared to its average volume of 1,772,386. The company has a current ratio of 2.20, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $860.48 million, a PE ratio of 6.27 and a beta of 0.99. Carter's, Inc. has a one year low of $23.38 and a one year high of $71.99. The company's fifty day moving average price is $30.76 and its two-hundred day moving average price is $38.26.

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

Carter's Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 20th. Shareholders of record on Tuesday, June 3rd were paid a $0.25 dividend. This represents a yield of 319.0%. This is a positive change from Carter's's previous dividend of $0.22. The ex-dividend date was Monday, June 2nd. Carter's's payout ratio is 26.53%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company raised 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. UBS Group dropped their target price on shares of Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a report on Monday, July 28th. Finally, Barclays reduced their price target on shares of Carter's from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Tuesday, July 29th.

Carter's 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.