Millennium Management LLC Purchases 1,620,140 Shares of Carter's, Inc. $CRI

Millennium Management LLC increased its position in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 14,270.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,631,493 shares of the textile maker's stock after acquiring an additional 1,620,140 shares during the period. Millennium Management LLC owned about 4.48% of Carter's worth $66,728,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Colonial Trust Co SC acquired a new stake in shares of Carter's during the 4th quarter worth approximately $29,000. Allworth Financial LP boosted its position 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 in the last quarter. Parallel Advisors LLC boosted its position 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 in the last quarter. US Bancorp DE boosted its position in shares of Carter's by 45.0% during the 1st quarter. US Bancorp DE now owns 1,408 shares of the textile maker's stock worth $58,000 after acquiring an additional 437 shares in the last quarter. Finally, LRI Investments LLC boosted its position in shares of Carter's by 444.4% during the 4th quarter. LRI Investments LLC now owns 1,410 shares of the textile maker's stock worth $76,000 after acquiring an additional 1,151 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CRI shares. Barclays cut 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 report on Tuesday, July 29th. Zacks Research lowered shares of Carter's from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 13th. Finally, UBS Group cut their target price on shares of 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 investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Strong Sell" and an average target price of $30.25.

Carter's Trading Down 1.7%

Shares of NYSE:CRI traded down $0.50 during mid-day trading on Friday, reaching $29.62. 1,002,063 shares of the company's stock were exchanged, compared to its average volume of 1,220,868. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 7.86 and a beta of 1.02. The business's fifty day moving average price is $28.18 and its 200-day moving average price is $33.02. 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 twelve month low of $23.38 and a twelve month high of $71.99.

Carter's (NYSE:CRI - Get Free Report) last announced its earnings results 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). Carter's had a return on equity of 20.68% and a net margin of 4.79%.The firm had revenue of $585.31 million for the quarter, compared to the consensus estimate of $563.24 million. During the same period in the prior year, the business earned $0.76 EPS. Carter's's quarterly revenue was up 3.7% on a year-over-year basis. On average, research analysts predict that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Tuesday, August 26th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, August 26th. 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.