Squarepoint Ops LLC Acquires 41,741 Shares of Carter's, Inc. (NYSE:CRI)

Squarepoint Ops LLC boosted its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 96.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,981 shares of the textile maker's stock after purchasing an additional 41,741 shares during the period. Squarepoint Ops LLC owned about 0.24% of Carter's worth $4,605,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CRI. True Wealth Design LLC lifted its position in shares of Carter's by 173.0% during the 4th quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock worth $49,000 after buying an additional 571 shares during the period. State of Wyoming raised its stake in Carter's by 162.6% during the fourth quarter. State of Wyoming now owns 4,745 shares of the textile maker's stock worth $257,000 after acquiring an additional 2,938 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Carter's by 345.5% during the fourth quarter. Quantinno Capital Management LP now owns 52,891 shares of the textile maker's stock valued at $2,866,000 after acquiring an additional 41,018 shares during the period. Marathon Partners Equity Management LLC acquired a new stake in shares of Carter's during the 4th quarter worth about $813,000. Finally, Lazard Asset Management LLC lifted its holdings in Carter's by 11,102.9% during the 4th quarter. Lazard Asset Management LLC now owns 3,921 shares of the textile maker's stock valued at $212,000 after purchasing an additional 3,886 shares during the last quarter.

Carter's Price Performance

Shares of Carter's stock traded up $1.02 during midday trading on Tuesday, reaching $32.41. The company had a trading volume of 1,781,477 shares, compared to its average volume of 1,302,394. 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 fifty day simple moving average of $36.22 and a 200 day simple moving average of $46.09. Carter's, Inc. has a 1-year low of $31.07 and a 1-year high of $71.99. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 5.14, a price-to-earnings-growth ratio of 3.37 and a beta of 1.05.

Carter's (NYSE:CRI - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.13. The firm had revenue of $291.09 million for the quarter, compared to analyst estimates of $624.86 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The business's quarterly revenue was down 4.8% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. As a group, equities research analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CRI has been the topic of several research analyst reports. UBS Group decreased their price objective on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Citigroup reduced their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. 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 report on Wednesday, May 14th. Finally, Barclays began coverage on Carter's in a research report on Monday, April 28th. They issued an "underweight" rating and a $25.00 price objective for the company. Three analysts have rated the stock with a sell rating and two have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $36.80.

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.