Schonfeld Strategic Advisors LLC Acquires 79,355 Shares of Carter's, Inc. (NYSE:CRI)

Schonfeld Strategic Advisors LLC raised its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 218.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,653 shares of the textile maker's stock after purchasing an additional 79,355 shares during the period. Schonfeld Strategic Advisors LLC owned 0.32% of Carter's worth $6,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings 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 buying an additional 270 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Carter's by 2,112.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker's stock valued at $29,000 after purchasing an additional 507 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Carter's by 36.9% during the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock worth $54,000 after buying an additional 268 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Carter's during the fourth quarter worth $54,000. Finally, AlphaQuest LLC grew its holdings in Carter's by 16,314.3% during 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 in the last quarter.

Analyst Ratings Changes

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

Carter's Stock Down 3.3 %

Shares of CRI stock traded down $1.17 on Monday, hitting $33.79. The company's stock had a trading volume of 2,070,007 shares, compared to its average volume of 1,243,279. Carter's, Inc. has a fifty-two week low of $32.04 and a fifty-two week high of $72.11. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 0.96. The firm's fifty day moving average price is $38.63 and its 200-day moving average price is $48.84. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 5.36, a P/E/G ratio of 3.37 and a beta of 1.05.

Carter's (NYSE:CRI - Get Free Report) last released its earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.13. Carter's had a return on equity of 27.15% and a net margin of 8.11%. The business had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. During the same period last year, the business earned $0.98 earnings per share. The firm's revenue for the quarter was down 4.8% compared to the same quarter last year. Research analysts anticipate that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 9.47%. The ex-dividend date of this dividend was Monday, March 10th. Carter's's payout ratio is presently 70.80%.

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.