Interval Partners LP Acquires New Stake in Carter's, Inc. (NYSE:CRI)

Interval Partners LP bought a new position in shares of Carter's, Inc. (NYSE:CRI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 262,822 shares of the textile maker's stock, valued at approximately $14,242,000. Interval Partners LP owned approximately 0.73% of Carter's at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP bought a new stake in shares of Carter's in the 4th quarter worth $7,557,000. Focus Partners Wealth bought a new stake in Carter's in the fourth quarter worth about $342,000. Eisler Capital Management Ltd. acquired a new stake in Carter's in the 4th quarter valued at about $783,000. Expect Equity LLC acquired a new stake in Carter's in the 4th quarter valued at about $1,965,000. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Carter's by 108.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,126,468 shares of the textile maker's stock valued at $61,043,000 after purchasing an additional 584,850 shares in the last quarter.

Carter's Stock Down 0.8 %

NYSE:CRI opened at $34.16 on Friday. The business's fifty day moving average price is $37.82 and its 200 day moving average price is $47.82. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 5.42, a PEG ratio of 3.37 and a beta of 1.05. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60. Carter's, Inc. has a 1-year low of $32.04 and a 1-year high of $72.11.

Carter's (NYSE:CRI - Get Free Report) last issued its earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.13. The company 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%. The firm's quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, sell-side analysts forecast that Carter's, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter's Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 9.37%. The ex-dividend date was Monday, March 10th. Carter's's dividend payout ratio is currently 70.80%.

Wall Street Analysts Forecast Growth

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

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.

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