Carter's, Inc. $CRI Shares Acquired by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. increased its stake in Carter's, Inc. by 473.8%, acquiring a total of 132,134 shares valued at approximately $5.4 million by the end of the recent quarter.
• Carter's reported a quarterly EPS of $0.17, significantly missing the consensus estimate of $0.43, while their revenue rose by 3.7% compared to the previous year.
• The company announced a quarterly dividend of $0.25 per share, with a payout ratio of 26.53%, despite analysts predominantly rating the stock as a "strong sell."

Capital Fund Management S.A. grew its position in Carter's, Inc. (NYSE:CRI - Free Report) by 473.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 132,134 shares of the textile maker's stock after purchasing an additional 109,106 shares during the period. Capital Fund Management S.A. owned approximately 0.36% of Carter's worth $5,404,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CRI. RWWM Inc. increased its holdings in shares of Carter's by 145.3% in the first quarter. RWWM Inc. now owns 2,190,482 shares of the textile maker's stock valued at $89,591,000 after purchasing an additional 1,297,607 shares during the period. AQR Capital Management LLC grew its holdings in Carter's by 124.4% during the fourth quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker's stock worth $93,134,000 after acquiring an additional 964,494 shares during the period. D. E. Shaw & Co. Inc. grew its holdings in Carter's by 108.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,126,468 shares of the textile maker's stock worth $61,043,000 after acquiring an additional 584,850 shares during the period. Interval Partners LP acquired a new stake in Carter's during the fourth quarter worth about $14,242,000. Finally, BNP Paribas Financial Markets grew its holdings in Carter's by 829.9% during the fourth quarter. BNP Paribas Financial Markets now owns 260,048 shares of the textile maker's stock worth $14,092,000 after acquiring an additional 232,082 shares during the period.

Carter's Stock Up 3.9%

Shares of CRI opened at $26.3020 on Friday. The company has a current ratio of 2.20, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. Carter's, Inc. has a 12 month low of $23.38 and a 12 month high of $71.99. The stock's 50 day moving average is $28.86 and its two-hundred day moving average is $35.44. The firm has a market cap of $958.18 million, a P/E ratio of 6.98 and a beta of 0.99.

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

Carter's Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Tuesday, August 26th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.8%. Carter's's payout ratio is currently 26.53%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Zacks Research lowered Carter's from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. UBS Group dropped their target price on Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a report on Monday, July 28th. Barclays dropped their target price on Carter's from $25.00 to $22.00 and set an "underweight" rating on the stock in a report on Tuesday, July 29th. Finally, Wells Fargo & Company raised their target price on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a report on Wednesday, May 14th. Two investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, Carter's presently has an average rating of "Strong Sell" and an average target price of $30.25.

Carter's Company 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.

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