FORA Capital LLC Purchases Shares of 17,558 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 position in Carter's, Inc. (NYSE:CRI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 17,558 shares of the textile maker's stock, valued at approximately $718,000.

Several other large investors have also added to or reduced their stakes in CRI. RWWM Inc. lifted its holdings in Carter's by 145.3% during 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 in the last quarter. AQR Capital Management LLC lifted 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 valued at $93,134,000 after purchasing an additional 964,494 shares in the last quarter. D. E. Shaw & Co. Inc. lifted 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 valued at $61,043,000 after purchasing an additional 584,850 shares in the last quarter. Interval Partners LP purchased a new position in Carter's during the fourth quarter valued at approximately $14,242,000. Finally, BNP Paribas Financial Markets lifted 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 valued at $14,092,000 after purchasing an additional 232,082 shares in the last quarter.

Analyst Ratings Changes

CRI has been the topic of several research analyst reports. Zacks Research downgraded shares of Carter's from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. UBS Group decreased their price target on shares of Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. 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 research note on Wednesday, May 14th. Finally, Barclays decreased their price target on shares of Carter's from $25.00 to $22.00 and set an "underweight" rating on the stock in a research note on Tuesday, July 29th. Two analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Strong Sell" and an average target price of $30.25.

Carter's Trading Up 1.1%

Shares of NYSE CRI traded up $0.32 during mid-day trading on Monday, reaching $28.62. The company had a trading volume of 1,307,311 shares, compared to its average volume of 1,335,518. The business's 50-day moving average is $28.58 and its 200-day moving average is $34.39. The company has a current ratio of 2.20, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 7.59 and a beta of 1.02. Carter's, Inc. has a 52 week low of $23.38 and a 52 week high of $71.99.

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

Carter's Cuts Dividend

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

About Carter's

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.