Redwood Investment Management LLC Makes New $1.51 Million Investment in Carter’s, Inc. (NYSE:CRI)

Redwood Investment Management LLC acquired a new position in shares of Carter’s, Inc. (NYSE:CRI) in the 1st quarter, Holdings Channel.com reports. The firm acquired 17,786 shares of the textile maker’s stock, valued at approximately $1,506,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bayesian Capital Management LP bought a new stake in Carter’s during the 1st quarter worth about $715,000. Price T Rowe Associates Inc. MD increased its stake in shares of Carter’s by 35.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,736 shares of the textile maker’s stock valued at $3,619,000 after acquiring an additional 11,265 shares during the last quarter. Hyperion Capital Advisors LP bought a new stake in shares of Carter’s in the 1st quarter valued at about $284,000. LRI Investments LLC bought a new stake in shares of Carter’s in the 1st quarter valued at about $77,000. Finally, Quadrature Capital Ltd increased its stake in shares of Carter’s by 43.7% in the 1st quarter. Quadrature Capital Ltd now owns 11,131 shares of the textile maker’s stock valued at $942,000 after acquiring an additional 3,383 shares during the last quarter.

Carter’s Stock Down 1.0 %

NYSE:CRI traded down $0.59 during trading hours on Wednesday, reaching $60.55. 1,146,203 shares of the stock were exchanged, compared to its average volume of 856,534. Carter’s, Inc. has a twelve month low of $54.74 and a twelve month high of $88.03. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.09 and a quick ratio of 0.95. The firm has a 50 day moving average of $63.50 and a 200 day moving average of $72.22. The stock has a market cap of $2.19 billion, a PE ratio of 9.55, a PEG ratio of 3.89 and a beta of 1.22.

Carter’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date was Friday, May 24th. Carter’s’s dividend payout ratio (DPR) is currently 50.47%.

Analyst Upgrades and Downgrades

CRI has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price target on Carter’s from $75.00 to $68.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 24th. Citigroup lowered their price target on Carter’s from $66.00 to $64.00 and set a “sell” rating for the company in a research note on Thursday, April 18th. Bank of America decreased their price objective on Carter’s from $65.00 to $54.00 and set an “underperform” rating for the company in a research report on Monday. Finally, StockNews.com lowered Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $70.50.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Little Planet, and other brands in the United States and internationally. It operates through three segments: U.S.