12,857 Shares in Carter's, Inc. $CRI Purchased by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd has made a new investment in Carter's, Inc. by acquiring 12,857 shares valued at approximately $526,000 in the first quarter.
• Analysts have issued mixed ratings for Carter's stock, with a consensus of "Strong Sell" and a price target averaging $30.25, following price target adjustments by various firms.
• Carter's, Inc. reported earnings of $0.17 per share for the quarter, missing estimates by $0.26, despite a year-over-year revenue increase of 3.7%.

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRI. Allworth Financial LP raised its position in Carter's by 313.1% during the first quarter. Allworth Financial LP now owns 723 shares of the textile maker's stock valued at $28,000 after purchasing an additional 548 shares in the last quarter. Parallel Advisors LLC raised its position in Carter's by 80.9% during the first 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. US Bancorp DE raised its position in Carter's by 45.0% during the first quarter. US Bancorp DE now owns 1,408 shares of the textile maker's stock valued at $58,000 after purchasing an additional 437 shares in the last quarter. LRI Investments LLC raised its position in Carter's by 444.4% during the fourth quarter. LRI Investments LLC now owns 1,410 shares of the textile maker's stock valued at $76,000 after purchasing an additional 1,151 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Carter's during the first quarter valued at approximately $58,000.

Carter's Stock Up 6.2%

Shares of NYSE:CRI traded up $1.82 during trading hours on Monday, hitting $31.42. The company's stock had a trading volume of 718,578 shares, compared to its average volume of 1,514,086. Carter's, Inc. has a 52 week low of $23.38 and a 52 week high of $71.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.20 and a quick ratio of 1.03. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 8.33 and a beta of 1.02. The firm's fifty day moving average price is $28.18 and its 200 day moving average price is $32.96.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $585.31 million during the quarter, compared to analysts' expectations of $563.24 million. Carter's had a return on equity of 20.68% and a net margin of 4.79%.The firm's quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. As a group, research analysts expect that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, August 26th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, August 26th. This represents a $1.00 dividend on an annualized basis and a yield of 3.2%. Carter's's dividend payout ratio is 26.53%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CRI. Zacks Research downgraded shares of Carter's from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. Barclays lowered their target price on shares of Carter's from $25.00 to $22.00 and set an "underweight" rating on the stock in a report on Tuesday, July 29th. Finally, UBS Group decreased their price objective on shares of Carter's from $32.00 to $26.00 and set a "neutral" rating for the company in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Carter's currently has an average rating of "Strong Sell" and an average target price of $30.25.

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.