Landscape Capital Management L.L.C. Increases Holdings in Carter's, Inc. $CRI

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. lifted its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 105.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,949 shares of the textile maker's stock after purchasing an additional 85,587 shares during the period. Carter's comprises about 0.6% of Landscape Capital Management L.L.C.'s holdings, making the stock its 26th largest holding. 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.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP raised its stake in Carter's by 313.1% in 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 in the last quarter. Colonial Trust Co SC acquired a new stake in Carter's in the fourth quarter valued at $29,000. Parallel Advisors LLC raised its stake in Carter's by 80.9% in the first quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock valued at $43,000 after buying an additional 475 shares in the last quarter. True Wealth Design LLC raised its stake 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 buying an additional 571 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Carter's in the first quarter valued at $58,000.

Carter's Stock Performance

CRI traded up $0.32 during trading on Monday, reaching $28.62. The company's stock had a trading volume of 1,307,311 shares, compared to its average volume of 1,335,518. Carter's, Inc. has a 52-week low of $23.38 and a 52-week high of $71.99. The company's fifty day moving average price is $28.58 and its 200-day moving average price is $34.39. The company 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 (NYSE:CRI - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The textile maker reported $0.17 earnings per share 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 analysts' expectations of $563.24 million. Carter's had a net margin of 4.79% and a return on equity of 20.68%. Carter's's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. On average, equities analysts forecast 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Tuesday, August 26th. Carter's's payout ratio is currently 26.53%.

Analysts Set New Price Targets

CRI has been the topic of a number of analyst reports. Zacks Research cut Carter's from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 13th. Wells Fargo & Company lifted their target price on Carter's from $25.00 to $28.00 and gave the stock an "underweight" rating in a research report on Wednesday, May 14th. Barclays cut their target price on Carter's from $25.00 to $22.00 and set an "underweight" rating on the stock in a research report on Tuesday, July 29th. Finally, UBS Group cut their target price 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 research 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 currently has an average rating of "Strong Sell" and a consensus target price of $30.25.

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.