Carter's, Inc. (NYSE:CRI) Shares Bought by Easterly Investment Partners LLC

Easterly Investment Partners LLC boosted its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 90.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,468 shares of the textile maker's stock after buying an additional 29,200 shares during the quarter. Easterly Investment Partners LLC owned 0.17% of Carter's worth $2,514,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in Carter's by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after buying an additional 270 shares during the period. Allworth Financial LP grew 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 worth $28,000 after buying an additional 548 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Carter's by 2,112.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock valued at $29,000 after purchasing an additional 507 shares in the last quarter. Colonial Trust Co SC purchased a new stake in shares of Carter's in the fourth quarter valued at about $29,000. Finally, Parallel Advisors LLC lifted its holdings in shares of Carter's by 80.9% in 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.

Carter's Trading Up 0.1%

Shares of CRI traded up $0.04 on Friday, hitting $30.45. 967,501 shares of the stock traded hands, compared to its average volume of 1,386,179. The company has a quick ratio of 1.40, a current ratio of 2.56 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1.11 billion, a P/E ratio of 6.74 and a beta of 0.98. The stock's 50 day moving average is $32.17 and its two-hundred day moving average is $40.24. Carter's, Inc. has a 1 year low of $29.36 and a 1 year high of $71.99.

Carter's (NYSE:CRI - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.13. The company had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. Carter's had a net margin of 5.80% and a return on equity of 23.50%. Carter's's revenue was down 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share. As a group, sell-side analysts predict that Carter's, Inc. will post 5.15 earnings per share for the current year.

Carter's Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 20th. Shareholders of record on Tuesday, June 3rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 3.19%. This is an increase from Carter's's previous dividend of $0.22. Carter's's dividend payout ratio (DPR) is currently 22.12%.

Wall Street Analysts Forecast Growth

CRI has been the topic of several recent research reports. Barclays initiated coverage on shares of Carter's in a report on Monday, April 28th. They issued an "underweight" rating and a $25.00 price target on the stock. Wells Fargo & Company upped their price target on shares of Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a report on Wednesday, May 14th. Finally, UBS Group reduced their price target on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $36.80.

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.