Jefferies Financial Group Inc. Invests $1.20 Million in Carter's, Inc. (NYSE:CRI)

Key Points

• Jefferies Financial Group Inc. has made a new investment in Carter's, Inc., acquiring approximately 29,310 shares valued at about $1.20 million during the first quarter.
• Carter's recently reported earnings of $0.17 EPS, which fell short of analysts' expectations of $0.43, despite achieving revenues of $585.31 million, exceeding the forecast of $563.24 million.
• The company increased its dividend from $0.22 to $0.25 per share, representing a yield of 319.0%, with a payout ratio of 26.53% as of the last dividend declaration.

Jefferies Financial Group Inc. acquired a new position in shares of Carter's, Inc. (NYSE:CRI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 29,310 shares of the textile maker's stock, valued at approximately $1,199,000. Jefferies Financial Group Inc. owned approximately 0.08% of Carter's at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CRI. Colonial Trust Co SC purchased a new position in Carter's during the fourth quarter worth about $29,000. Allworth Financial LP boosted its position in shares of Carter's by 313.1% in 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. True Wealth Design LLC grew its holdings in Carter's by 173.0% in the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock valued at $49,000 after purchasing an additional 571 shares during the period. Parallel Advisors LLC raised its stake in Carter's by 80.9% during the first quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock worth $43,000 after purchasing an additional 475 shares during the period. Finally, Quarry LP raised its stake in Carter's by 351.8% during the fourth quarter. Quarry LP now owns 1,351 shares of the textile maker's stock worth $73,000 after purchasing an additional 1,052 shares during the period.

Wall Street Analysts Forecast Growth

CRI has been the subject of a number of research analyst reports. Barclays dropped their price objective on Carter's from $25.00 to $22.00 and set an "underweight" rating for the company in a report on Tuesday, July 29th. Wells Fargo & Company raised their price objective on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a report on Wednesday, May 14th. Finally, UBS Group decreased their target price on Carter's from $32.00 to $26.00 and set a "neutral" rating for the company in a report on Monday, July 28th.

Carter's Stock Up 0.1%

NYSE:CRI traded up $0.02 during mid-day trading on Wednesday, hitting $25.31. The company had a trading volume of 1,224,924 shares, compared to its average volume of 1,563,414. The business has a fifty day simple moving average of $30.48 and a 200-day simple moving average of $37.86. The firm has a market capitalization of $922.01 million, a price-to-earnings ratio of 6.71 and a beta of 0.99. Carter's, Inc. has a 1 year low of $23.38 and a 1 year high of $71.99. 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 (NYSE:CRI - Get Free Report) last announced its earnings results 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 company had revenue of $585.31 million for the quarter, compared to analysts' expectations of $563.24 million. Carter's had a net margin of 4.79% and a return on equity of 20.68%. The business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. Equities analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, June 3rd were issued a $0.25 dividend. This is an increase from Carter's's previous dividend of $0.22. This represents a yield of 319.0%. The ex-dividend date of this dividend was Monday, June 2nd. Carter's's dividend payout ratio (DPR) is currently 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.