Carter's, Inc. $CRI Shares Purchased by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management L.L.C. increased its stake in Carter's, Inc. by 105.2% in the 1st quarter, owning 166,949 shares worth approximately $6.83 million.
• Carter's reported earnings of $0.17 per share for the last quarter, falling short of analysts' expectations of $0.43, despite a revenue of $585.31 million.
• The company announced a quarterly dividend of $0.25, with a yield of 3.5%, which is lower than its previous payouts.

Landscape Capital Management L.L.C. grew its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 105.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 166,949 shares of the textile maker's stock after purchasing an additional 85,587 shares during the period. Carter's makes up about 0.6% of Landscape Capital Management L.L.C.'s portfolio, making the stock its 26th biggest position. Landscape Capital Management L.L.C. owned about 0.46% of Carter's worth $6,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CRI. Allworth Financial LP lifted its stake in shares of Carter's by 313.1% during the 1st 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 bought a new stake in shares of Carter's during the 4th quarter worth approximately $29,000. Parallel Advisors LLC lifted its stake in shares of Carter's by 80.9% during the 1st quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock worth $43,000 after acquiring an additional 475 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of 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 acquiring an additional 571 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Carter's during the 1st quarter worth approximately $58,000.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CRI. UBS Group decreased their price target on Carter's from $32.00 to $26.00 and set a "neutral" rating for the company in a research note on Monday, July 28th. Barclays decreased their price target on Carter's from $25.00 to $22.00 and set an "underweight" rating for the company in a research note on Tuesday, July 29th. Wells Fargo & Company raised their price target on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research note on Wednesday, May 14th. Finally, Zacks Research downgraded Carter's from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Strong Sell" and a consensus price target of $30.25.

Carter's Stock Up 0.5%

Shares of NYSE:CRI traded up $0.13 on Tuesday, reaching $28.69. The company had a trading volume of 481,663 shares, compared to its average volume of 1,533,314. Carter's, Inc. has a 52-week low of $23.38 and a 52-week high of $71.99. The firm's 50 day simple moving average is $28.54 and its 200-day simple moving average is $34.22. The firm has a market capitalization of $1.05 billion, a PE ratio of 7.61 and a beta of 1.02. 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 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 net margin of 4.79% and a return on equity of 20.68%. The company had revenue of $585.31 million during the quarter, compared to analysts' expectations of $563.24 million. During the same quarter in the prior year, the business posted $0.76 earnings per share. The company's revenue was up 3.7% compared to the same quarter last year. As a group, analysts expect that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, August 26th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.5%. Carter's's dividend payout ratio (DPR) is currently 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.