Two Sigma Investments LP Lowers Holdings in Carter's, Inc. (NYSE:CRI)

Two Sigma Investments LP cut its stake in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 44.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,902 shares of the textile maker's stock after selling 42,819 shares during the period. Two Sigma Investments LP owned 0.15% of Carter's worth $2,867,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its stake in Carter's by 114.4% in the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after buying an additional 270 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Carter's by 2,112.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock worth $29,000 after buying an additional 507 shares during the period. Colonial Trust Co SC bought a new position in Carter's in the 4th quarter valued at about $29,000. True Wealth Design LLC lifted its holdings in shares of Carter's by 173.0% during the fourth quarter. True Wealth Design LLC now owns 901 shares of the textile maker's stock worth $49,000 after buying an additional 571 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of Carter's by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after acquiring an additional 268 shares during the period.

Carter's Stock Up 0.8%

Carter's stock traded up $0.25 during midday trading on Wednesday, reaching $31.80. The stock had a trading volume of 255,028 shares, compared to its average volume of 1,312,877. Carter's, Inc. has a 12 month low of $29.62 and a 12 month high of $71.99. The company has a fifty day moving average price of $35.23 and a two-hundred day moving average price of $45.36. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.16 billion, a P/E ratio of 5.06, a PEG ratio of 3.37 and a beta of 1.05.

Carter's (NYSE:CRI - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, beating the consensus estimate of $0.53 by $0.13. The business had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. Carter's's revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. As a group, equities analysts expect that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, June 3rd will be paid a $0.25 dividend. This is an increase from Carter's's previous dividend of $0.22. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 3.19%. Carter's's dividend payout ratio (DPR) is presently 22.12%.

Analyst Upgrades and Downgrades

CRI has been the topic of a number of research analyst reports. Wells Fargo & Company raised their target price on Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a report on Wednesday, May 14th. UBS Group decreased their price target on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Barclays began coverage on shares of Carter's in a research note on Monday, April 28th. They issued an "underweight" rating and a $25.00 price objective for the company. Finally, Citigroup lowered their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company. According to MarketBeat.com, Carter's currently has an average rating of "Reduce" and an average target price of $36.80.

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.