FORA Capital LLC Invests $718,000 in Carter's, Inc. $CRI

Key Points

• FORA Capital LLC has acquired a new stake in Carter's, Inc. worth approximately $718,000, purchasing 17,558 shares in the first quarter.
• Analysts have been lowering their target prices for Carter's stock, with Barclays cutting it from $25.00 to $22.00, and the company's consensus rating currently classified as a "Strong Sell."
• Carter's recently announced a quarterly dividend of $0.25, representing an annualized dividend yield of 3.5%, amidst a reported earnings miss for the last quarter.

FORA Capital LLC acquired a new stake in Carter's, Inc. (NYSE:CRI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 17,558 shares of the textile maker's stock, valued at approximately $718,000.

A number of other institutional investors also recently bought and sold shares of the stock. RWWM Inc. increased its stake in Carter's by 145.3% during the 1st 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 in the last quarter. AQR Capital Management LLC increased its holdings in shares of Carter's by 124.4% in the fourth quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker's stock valued at $93,134,000 after purchasing an additional 964,494 shares during the period. D. E. Shaw & Co. Inc. raised its stake in shares of Carter's by 108.0% in 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 purchasing an additional 584,850 shares during the last quarter. Interval Partners LP acquired a new stake in shares of Carter's during the fourth quarter worth about $14,242,000. Finally, BNP Paribas Financial Markets boosted its position in Carter's by 829.9% in the fourth quarter. BNP Paribas Financial Markets now owns 260,048 shares of the textile maker's stock valued at $14,092,000 after buying an additional 232,082 shares during the last quarter.

Carter's Trading Up 1.4%

Shares of Carter's stock opened at $28.97 on Wednesday. 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 twelve month low of $23.38 and a twelve month high of $71.99. The firm has a market capitalization of $1.06 billion, a PE ratio of 7.68 and a beta of 1.02. The firm's 50-day moving average price is $28.50 and its 200 day moving average price is $34.18.

Carter's (NYSE:CRI - Get Free Report) last posted 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). The firm had revenue of $585.31 million for 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%.Carter's's quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share. On average, sell-side analysts predict that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, August 26th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.5%. Carter's's dividend payout ratio is presently 26.53%.

Analysts Set New Price Targets

CRI has been the topic of several recent research reports. Barclays dropped their price objective 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. UBS Group reduced their price objective on Carter's from $32.00 to $26.00 and set a "neutral" rating for the company in a research note on Monday, July 28th. Wells Fargo & Company upped their target price on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 14th. Finally, Zacks Research cut shares of Carter's from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock 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.