Carter's, Inc. (NYSE:CRI) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC increased its holdings in shares of Carter's, Inc. (NYSE:CRI - Free Report) by 218.6% in the 4th quarter, according to the company in its most recent Form 13F filing 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 approximately 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 institutional investors and hedge funds have also modified their holdings of CRI. Jones Financial Companies Lllp increased its stake in Carter's by 114.4% during the fourth quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker's stock worth $27,000 after purchasing an additional 270 shares during the period. EverSource Wealth Advisors LLC grew its stake 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 purchasing an additional 507 shares during the period. Venturi Wealth Management LLC increased its position in shares of Carter's by 36.9% in the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker's stock valued at $54,000 after buying an additional 268 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in 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% during the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker's stock valued at $62,000 after acquiring an additional 1,142 shares in the last quarter.

Carter's Stock Up 0.6 %

NYSE CRI traded up $0.19 on Wednesday, hitting $32.97. 426,318 shares of the company were exchanged, compared to its average volume of 1,243,471. 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 stock has a fifty day moving average of $38.28 and a 200-day moving average of $48.50. Carter's, Inc. has a 12 month low of $32.04 and a 12 month high of $72.11. The company has a market cap of $1.20 billion, a PE ratio of 5.24, a PEG ratio of 3.37 and a beta of 1.05.

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

Carter's Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 9.71%. The ex-dividend date was Monday, March 10th. Carter's's payout ratio is 70.80%.

Wall Street Analyst Weigh In

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

Carter's Company 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.