Interval Partners LP Acquires New Holdings in Carter’s, Inc. (NYSE:CRI)

Interval Partners LP bought a new position in Carter’s, Inc. (NYSE:CRI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 262,822 shares of the textile maker’s stock, valued at approximately $14,242,000.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake 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 purchasing an additional 270 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Carter’s by 2,112.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 531 shares of the textile maker’s stock valued at $29,000 after buying an additional 507 shares in the last quarter. Colonial Trust Co SC acquired a new stake in shares of Carter’s in the fourth quarter worth about $29,000. Venturi Wealth Management LLC boosted its stake in shares of Carter’s by 36.9% during the 4th quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after acquiring an additional 268 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new position in shares of Carter’s during the 4th quarter valued at about $54,000.

Analyst Ratings Changes

CRI has been the subject of several analyst reports. Citigroup reduced their target price on Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company cut shares of Carter’s from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $40.00 to $25.00 in a research note on Wednesday, April 30th. UBS Group lowered their target price on shares of Carter’s from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Finally, Barclays assumed coverage on shares of Carter’s in a research report on Monday, April 28th. They set an “underweight” rating and a $25.00 target price for the company. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $36.20.

Carter’s Trading Down 0.8 %

Shares of Carter’s stock opened at $34.16 on Friday. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 5.42, a PEG ratio of 3.37 and a beta of 1.05. Carter’s, Inc. has a 1 year low of $32.04 and a 1 year high of $72.11. The company’s fifty day simple moving average is $37.82 and its 200-day simple moving average is $47.82. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

Carter’s (NYSE:CRI) last posted its quarterly earnings data 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. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. The company had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. During the same quarter in the previous year, the firm posted $0.98 EPS. The business’s revenue was down 4.8% compared to the same quarter last year. As a group, sell-side analysts expect that Carter’s, Inc. will post 5.15 EPS for the current year.

Carter’s Announces Dividend

The company 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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 9.37%. Carter’s’s dividend payout ratio is currently 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.