Freestone Grove Partners LP Invests $680,000 in Carter's, Inc. (NYSE:CRI)

Freestone Grove Partners LP bought a new position in Carter's, Inc. (NYSE:CRI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 12,543 shares of the textile maker's stock, valued at approximately $680,000.

Several other hedge funds have also recently made changes to their positions in CRI. Jones Financial Companies Lllp lifted its stake in shares of Carter's by 114.4% in the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock valued at $27,000 after purchasing an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Carter's by 2,112.5% during the fourth 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. Venturi Wealth Management LLC increased its position in Carter's by 36.9% during the fourth 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 last quarter. New Age Alpha Advisors LLC purchased a new stake in shares of Carter's in the fourth quarter valued at $54,000. Finally, AlphaQuest LLC lifted its holdings in shares of Carter's by 16,314.3% in the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock worth $62,000 after acquiring an additional 1,142 shares during the last quarter.

Carter's Stock Down 0.7 %

NYSE:CRI traded down $0.24 during midday trading on Friday, reaching $34.19. 433,639 shares of the stock traded hands, compared to its average volume of 1,247,793. The business has a 50-day moving average of $37.96 and a two-hundred day moving average of $48.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. Carter's, Inc. has a 12-month low of $32.04 and a 12-month high of $72.11. The stock has a market capitalization of $1.25 billion, a PE ratio of 5.43, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.13. The firm had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. Carter's had a net margin of 8.11% and a return on equity of 27.15%. The company's revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 earnings per share. On average, equities analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 9.36%. Carter's's payout ratio is presently 70.80%.

Analysts Set New Price Targets

A number of research analysts have recently commented on CRI shares. Citigroup cut their target price on Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Barclays initiated coverage on Carter's in a research report on Monday, April 28th. They set an "underweight" rating and a $25.00 price target on the stock. Wells Fargo & Company lowered shares of Carter's from an "equal weight" rating to an "underweight" rating and lowered their price objective for the stock from $40.00 to $25.00 in a research note on Wednesday, April 30th. Finally, UBS Group dropped their price objective on shares of Carter's from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $36.20.

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.