Carter’s, Inc. $CRI Shares Purchased by Deutsche Bank AG

Deutsche Bank AG raised its holdings in Carter’s, Inc. (NYSE:CRI) by 57.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,369 shares of the textile maker’s stock after acquiring an additional 4,147 shares during the quarter. Deutsche Bank AG’s holdings in Carter’s were worth $465,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC increased its position in Carter’s by 38.2% during the 1st quarter. GAMMA Investing LLC now owns 2,004 shares of the textile maker’s stock worth $82,000 after purchasing an additional 554 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in shares of Carter’s in the 1st quarter valued at about $780,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Carter’s by 12.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,790 shares of the textile maker’s stock valued at $1,205,000 after purchasing an additional 3,243 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Carter’s in the 1st quarter valued at about $1,199,000. Finally, Royce & Associates LP acquired a new position in Carter’s during the 1st quarter worth approximately $588,000.

Carter’s Stock Performance

CRI opened at $28.26 on Thursday. The business’s 50-day moving average price is $28.65 and its two-hundred day moving average price is $34.96. Carter’s, Inc. has a 1 year low of $23.38 and a 1 year high of $71.99. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 7.50 and a beta of 0.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.20 and a quick ratio of 1.03.

Carter’s (NYSE:CRI) last released its quarterly earnings results 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 firm had revenue of $585.31 million during the quarter, compared to analyst estimates of $563.24 million. Carter’s had a net margin of 4.79% and a return on equity of 20.68%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. Equities analysts expect that Carter’s, Inc. will post 5.15 EPS for the current fiscal year.

Carter’s Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Tuesday, August 26th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.5%. Carter’s’s payout ratio is currently 26.53%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Carter’s from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 13th. Wells Fargo & Company upped their price objective on Carter’s from $25.00 to $28.00 and gave the company an “underweight” rating in a report on Wednesday, May 14th. UBS Group cut their target price on Carter’s from $32.00 to $26.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Finally, Barclays lowered their price objective on Carter’s from $25.00 to $22.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 29th. Two research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Strong Sell” and an average target price of $30.25.

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.