GAMMA Investing LLC Acquires 80,514 Shares of Carter's, Inc. (NYSE:CRI)

GAMMA Investing LLC grew its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 5,552.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,964 shares of the textile maker's stock after acquiring an additional 80,514 shares during the period. GAMMA Investing LLC owned about 0.23% of Carter's worth $3,352,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in Carter's by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after acquiring an additional 270 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Carter's by 2,112.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock valued at $29,000 after buying an additional 507 shares during the period. Colonial Trust Co SC acquired a new position in shares of Carter's in the 4th quarter valued at about $29,000. True Wealth Design LLC boosted its holdings in shares of Carter's by 173.0% in the 4th quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock valued at $49,000 after buying an additional 571 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Carter's by 36.9% in the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after buying an additional 268 shares during the period.

Carter's Stock Down 2.4%

Shares of NYSE CRI traded down $0.77 during trading hours on Friday, hitting $31.15. The stock had a trading volume of 1,700,458 shares, compared to its average volume of 1,336,794. The firm's 50-day moving average price is $34.21 and its two-hundred day moving average price is $44.16. Carter's, Inc. has a 52 week low of $29.62 and a 52 week high of $71.99. The company has a market capitalization of $1.14 billion, a P/E ratio of 4.94, a P/E/G ratio of 3.37 and a beta of 1.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21.

Carter's (NYSE:CRI - Get Free Report) last issued 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 business 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 firm's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.98 EPS. Analysts anticipate that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, June 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 3.19%. This is a positive change from Carter's's previous dividend of $0.22. Carter's's dividend payout ratio (DPR) is 22.12%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CRI. Citigroup cut their price objective on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Wells Fargo & Company lifted their price objective on shares of Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a research report on Wednesday, May 14th. UBS Group cut 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 report on Monday, April 28th. Finally, Barclays began coverage on shares of Carter's in a research report on Monday, April 28th. They issued an "underweight" rating and a $25.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat, Carter's has an average rating of "Reduce" and an average target price 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.