Carter's, Inc. $CRI Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. increased its holdings in Carter's, Inc. by 33.5% in Q1, owning 171,628 shares worth approximately $7 million.
• Several institutional investors have significantly boosted their stakes in Carter's, with RWWM Inc. increasing its position by 145.3% to over 2.19 million shares.
• Carter's reported a disappointing $0.17 EPS for the last quarter, falling short of expectations, while revenue rose by 3.7% year-over-year.

Invesco Ltd. boosted its position in Carter's, Inc. (NYSE:CRI - Free Report) by 33.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,628 shares of the textile maker's stock after buying an additional 43,074 shares during the quarter. Invesco Ltd. owned 0.47% of Carter's worth $7,020,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CRI. Allworth Financial LP increased its position in shares of 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 acquiring an additional 548 shares during the last quarter. Colonial Trust Co SC acquired a new stake in Carter's during the 4th quarter valued at approximately $29,000. Parallel Advisors LLC grew its stake in Carter's by 80.9% during the 1st 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. True Wealth Design LLC increased its holdings in Carter's by 173.0% during the 4th quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock worth $49,000 after purchasing an additional 571 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Carter's in the 1st quarter valued at approximately $58,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 14th. UBS Group reduced their price objective 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. Barclays decreased their price objective on shares of Carter's from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Tuesday, July 29th. Finally, Zacks Research lowered 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 issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Strong Sell" and a consensus target price of $30.25.

Carter's Stock Performance

Shares of NYSE:CRI traded up $0.32 during trading hours on Monday, hitting $28.62. The stock had a trading volume of 1,307,311 shares, compared to its average volume of 1,335,518. The stock's fifty day simple moving average is $28.54 and its 200 day simple moving average is $34.22. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 7.59 and a beta of 1.02. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 2.20. Carter's, Inc. has a 1-year low of $23.38 and a 1-year high of $71.99.

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

Carter's Cuts Dividend

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

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.