Invesco Ltd. grew its position in Carter’s, Inc. (NYSE:CRI – Free Report) by 33.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,628 shares of the textile maker’s stock after buying an additional 43,074 shares during the quarter. Invesco Ltd. owned 0.47% of Carter’s worth $7,020,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also modified their holdings of CRI. RWWM Inc. grew its stake in shares of Carter’s by 145.3% in the first quarter. RWWM Inc. now owns 2,190,482 shares of the textile maker’s stock valued at $89,591,000 after buying an additional 1,297,607 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Carter’s by 124.4% in the fourth quarter. AQR Capital Management LLC now owns 1,739,522 shares of the textile maker’s stock valued at $93,134,000 after buying an additional 964,494 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of Carter’s by 108.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,126,468 shares of the textile maker’s stock valued at $61,043,000 after buying an additional 584,850 shares in the last quarter. Interval Partners LP acquired a new stake in shares of Carter’s in the fourth quarter valued at $14,242,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Carter’s by 829.9% in the fourth quarter. BNP Paribas Financial Markets now owns 260,048 shares of the textile maker’s stock valued at $14,092,000 after buying an additional 232,082 shares in the last quarter.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Barclays dropped their price objective on Carter’s from $25.00 to $22.00 and set an “underweight” rating for the company in a research note on Tuesday, July 29th. Wells Fargo & Company lifted their price objective on Carter’s from $25.00 to $28.00 and gave the company an “underweight” rating in a research note on Wednesday, May 14th. UBS Group lowered their target price on Carter’s from $32.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, July 28th. Finally, Zacks Research cut Carter’s from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Carter’s currently has an average rating of “Strong Sell” and a consensus target price of $30.25.
Carter’s Trading Up 1.2%
NYSE:CRI opened at $26.98 on Wednesday. The stock has a 50-day simple moving average of $28.69 and a 200-day simple moving average of $35.01. The stock has a market cap of $982.95 million, a P/E ratio of 7.16 and a beta of 0.99. Carter’s, Inc. has a 1 year low of $23.38 and a 1 year high of $71.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 2.20.
Carter’s (NYSE:CRI – Get Free Report) last released its quarterly earnings data on Friday, July 25th. The textile maker reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.26). The business 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%.The company’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 earnings per share. As a group, analysts anticipate that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.
Carter’s Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, August 26th. Carter’s’s dividend payout ratio is currently 26.53%.
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.
Further Reading
- Five stocks we like better than Carter’s
- 3 Healthcare Dividend Stocks to Buy
- As Trump Blocks Clean Energy, What’s Next for Renewables?
- Basic Materials Stocks Investing
- How a Superstore Strategy Fueled MINISO’s 20% Stock Surge
- What is Forex and How Does it Work?
- Analysts Love These 3 Companies Reporting Earnings This Week
Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.