Crestline Management LP Has $1.86 Million Stake in Carter’s, Inc. (NYSE:CRI)

Crestline Management LP boosted its stake in shares of Carter’s, Inc. (NYSE:CRI) by 291.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 34,316 shares of the textile maker’s stock after purchasing an additional 25,539 shares during the quarter. Crestline Management LP’s holdings in Carter’s were worth $1,860,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position in shares of Carter’s by 114.4% during the 4th quarter. Jones Financial Companies Lllp now owns 506 shares of the textile maker’s stock worth $27,000 after purchasing an additional 270 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake 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 worth $29,000 after buying an additional 507 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Carter’s by 36.9% during the fourth quarter. Venturi Wealth Management LLC now owns 994 shares of the textile maker’s stock worth $54,000 after buying an additional 268 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Carter’s in the fourth quarter valued at approximately $54,000. Finally, AlphaQuest LLC boosted its holdings in shares of Carter’s by 16,314.3% in the 4th quarter. AlphaQuest LLC now owns 1,149 shares of the textile maker’s stock worth $62,000 after acquiring an additional 1,142 shares in the last quarter.

Carter’s Stock Performance

Carter’s stock opened at $32.78 on Thursday. Carter’s, Inc. has a 1 year low of $32.04 and a 1 year high of $72.11. The company’s 50-day moving average is $38.11 and its two-hundred day moving average is $48.39. 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 company has a market cap of $1.19 billion, a PE ratio of 5.20, a PEG ratio of 3.37 and a beta of 1.05.

Carter’s (NYSE:CRI) last announced its quarterly earnings data on Friday, April 25th. The textile maker reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.13. The business had revenue of $291.09 million during the quarter, compared to analysts’ expectations of $624.86 million. Carter’s had a return on equity of 27.15% and a net margin of 8.11%. The firm’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 earnings per share. Equities analysts anticipate that Carter’s, Inc. will post 5.15 earnings per share for the current year.

Carter’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 9.76%. The ex-dividend date was Monday, March 10th. Carter’s’s dividend payout ratio is currently 70.80%.

Analyst Ratings Changes

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

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.