Universal Beteiligungs und Servicegesellschaft mbH Decreases Stake in Carter's, Inc. (NYSE:CRI)

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in Carter's, Inc. (NYSE:CRI - Free Report) by 23.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,700 shares of the textile maker's stock after selling 12,139 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.11% of Carter's worth $1,624,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Hsbc Holdings PLC lifted its position in shares of Carter's by 7.1% during the fourth quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker's stock valued at $279,000 after buying an additional 347 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its holdings in shares of Carter's by 1.7% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 26,147 shares of the textile maker's stock valued at $1,417,000 after acquiring an additional 448 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Carter's by 80.9% during the first quarter. Parallel Advisors LLC now owns 1,062 shares of the textile maker's stock valued at $43,000 after acquiring an additional 475 shares in the last quarter. Colonial Trust Co SC acquired a new position in shares of Carter's during the fourth quarter valued at about $29,000. Finally, Allworth Financial LP increased 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 acquiring an additional 548 shares in the last quarter.

Carter's Stock Performance

Shares of NYSE CRI traded down $0.62 during midday trading on Friday, reaching $23.62. 1,636,538 shares of the stock were exchanged, compared to its average volume of 1,772,386. The firm has a market cap of $860.48 million, a price-to-earnings ratio of 6.27 and a beta of 0.99. Carter's, Inc. has a twelve month low of $23.38 and a twelve month high of $71.99. The firm has a 50-day simple moving average of $30.76 and a two-hundred day simple moving average of $38.37. The company has a quick ratio of 1.03, a current ratio of 2.20 and a debt-to-equity ratio of 0.58.

Carter's (NYSE:CRI - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The textile maker reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.26). The firm had revenue of $585.31 million for the quarter, compared to analyst estimates of $563.24 million. Carter's had a return on equity of 20.68% and a net margin of 4.79%. Carter's's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. As a group, analysts anticipate that Carter's, Inc. will post 5.15 EPS for the current fiscal year.

Carter's Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, June 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 319.0%. This is an increase from Carter's's previous dividend of $0.22. Carter's's dividend payout ratio is 26.53%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CRI. Wells Fargo & Company upped their price objective on shares of Carter's from $25.00 to $28.00 and gave the company an "underweight" rating in a report on Wednesday, May 14th. Barclays cut their price objective on shares of Carter's from $25.00 to $22.00 and set an "underweight" rating on the stock in a report on Tuesday. Finally, UBS Group cut their price objective on shares of Carter's from $32.00 to $26.00 and set a "neutral" rating on the stock in a report on Monday, July 28th.

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.