Kapitalo Investimentos Ltda Makes New $255,000 Investment in Carter's, Inc. $CRI

Key Points

• Kapitalo Investimentos Ltda made a new investment of approximately $255,000 in Carter's, acquiring 8,455 shares during the second quarter.
• Recent analyst reports have generally downgraded Carter's stock, with Barclays lowering their target price from $25.00 to $22.00 and Zacks Research rating it a "strong sell."
• Carter's reported a lower-than-expected earnings per share of $0.17 for the last quarter, missing the consensus estimate by $0.26, despite a revenue increase of 3.7% year-over-year.

Kapitalo Investimentos Ltda bought a new position in Carter's, Inc. (NYSE:CRI - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,455 shares of the textile maker's stock, valued at approximately $255,000.

Several other hedge funds have also bought and sold shares of CRI. Covestor Ltd lifted its holdings in shares of Carter's by 18.6% during the first quarter. Covestor Ltd now owns 2,575 shares of the textile maker's stock valued at $106,000 after purchasing an additional 404 shares during the last quarter. US Bancorp DE boosted its stake in Carter's by 45.0% in the 1st quarter. US Bancorp DE now owns 1,408 shares of the textile maker's stock worth $58,000 after purchasing an additional 437 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of Carter's by 80.9% in the first quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock worth $43,000 after buying an additional 475 shares in the last quarter. Allworth Financial LP grew its holdings 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 valued at $28,000 after buying an additional 548 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Carter's by 38.2% during the first quarter. GAMMA Investing LLC now owns 2,004 shares of the textile maker's stock valued at $82,000 after acquiring an additional 554 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Barclays lowered their target price 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. Zacks Research downgraded shares of Carter's from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. Finally, UBS Group lowered their price objective on Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Carter's currently has a consensus rating of "Strong Sell" and a consensus target price of $30.25.

Carter's Stock Down 1.7%

Shares of Carter's stock opened at $31.26 on Monday. The company has a quick ratio of 1.03, a current ratio of 2.20 and a debt-to-equity ratio of 0.58. The company has a market cap of $1.14 billion, a P/E ratio of 8.29 and a beta of 1.02. The firm's 50 day moving average price is $28.09 and its 200-day moving average price is $32.62. Carter's, Inc. has a 52-week low of $23.38 and a 52-week high of $68.69.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings results 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). Carter's had a return on equity of 20.68% and a net margin of 4.79%.The business had revenue of $585.31 million for the quarter, compared to analyst estimates of $563.24 million. During the same period in the previous year, the company posted $0.76 earnings per share. The business's revenue for the quarter was up 3.7% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, August 26th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, August 26th. Carter's's dividend payout ratio is presently 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.

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