Dean Capital Management Has $2.23 Million Stock Holdings in Carter's, Inc. $CRI

Key Points

• Dean Capital Management increased its stake in Carter's, Inc. by 25.8% in Q1 2023, now holding 54,606 shares valued at approximately $2.2 million.
• Carter's reported earnings of $0.17 per share for the last quarter, significantly missing the consensus estimate of $0.43, despite revenue surpassing expectations at $585.31 million.
• The company announced a quarterly dividend of $0.25, representing a 3.5% dividend yield, set for payment on September 12th, while experiencing a consensus rating of "Strong Sell" from equity analysts.

Dean Capital Management raised its position in Carter's, Inc. (NYSE:CRI - Free Report) by 25.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 54,606 shares of the textile maker's stock after acquiring an additional 11,215 shares during the period. Carter's comprises 1.0% of Dean Capital Management's portfolio, making the stock its 24th biggest position. Dean Capital Management owned about 0.15% of Carter's worth $2,233,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. RWWM Inc. lifted its stake in Carter's by 145.3% in the 1st quarter. RWWM Inc. now owns 2,190,482 shares of the textile maker's stock valued at $89,591,000 after acquiring an additional 1,297,607 shares in the last quarter. Millennium Management LLC lifted its stake in Carter's by 14,270.6% in the 1st quarter. Millennium Management LLC now owns 1,631,493 shares of the textile maker's stock valued at $66,728,000 after acquiring an additional 1,620,140 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Carter's by 6.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,327,040 shares of the textile maker's stock valued at $54,276,000 after acquiring an additional 81,097 shares in the last quarter. American Century Companies Inc. lifted its stake in Carter's by 10.9% in the 1st quarter. American Century Companies Inc. now owns 1,183,289 shares of the textile maker's stock valued at $48,397,000 after acquiring an additional 116,113 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Carter's by 6.8% in the 1st quarter. Allianz Asset Management GmbH now owns 631,557 shares of the textile maker's stock valued at $25,831,000 after acquiring an additional 40,311 shares in the last quarter.

Carter's Stock Performance

Shares of CRI stock traded down $0.50 during trading on Friday, reaching $29.62. 1,002,063 shares of the company's stock were exchanged, compared to its average volume of 1,206,235. 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 stock has a market capitalization of $1.08 billion, a PE ratio of 7.86 and a beta of 1.02. Carter's, Inc. has a twelve month low of $23.38 and a twelve month high of $71.99. 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 posted its earnings results on Friday, July 25th. The textile maker reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.26). The business had revenue of $585.31 million for the quarter, compared to analyst estimates of $563.24 million. Carter's had a return on equity of 20.68% and a net margin of 4.79%.The firm's revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. As a group, sell-side analysts anticipate that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Cuts Dividend

The firm also recently announced 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 dividend yield of 3.4%. Carter's's payout ratio is presently 26.53%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CRI shares. Zacks Research cut Carter's from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 13th. 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, July 29th. Finally, UBS Group dropped their price objective on Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Strong Sell" and a consensus price target 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.