SummitTX Capital L.P. Buys 16,687 Shares of Carter’s, Inc. $CRI

SummitTX Capital L.P. grew its position in Carter’s, Inc. (NYSE:CRI) by 68.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,137 shares of the textile maker’s stock after buying an additional 16,687 shares during the quarter. SummitTX Capital L.P. owned 0.11% of Carter’s worth $1,471,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Public Employees Retirement System of Ohio bought a new stake in Carter’s during the 1st quarter valued at $119,000. Aristides Capital LLC raised its position in shares of Carter’s by 123.3% in the 1st quarter. Aristides Capital LLC now owns 163,949 shares of the textile maker’s stock worth $5,863,000 after acquiring an additional 90,533 shares in the last quarter. State of Wyoming lifted its stake in shares of Carter’s by 473.5% during the 1st quarter. State of Wyoming now owns 12,227 shares of the textile maker’s stock worth $437,000 after purchasing an additional 10,095 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Carter’s by 36.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,765,205 shares of the textile maker’s stock worth $63,121,000 after purchasing an additional 472,786 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Carter’s by 55.5% during the first quarter. Bank of New York Mellon Corp now owns 638,750 shares of the textile maker’s stock valued at $22,842,000 after purchasing an additional 227,935 shares in the last quarter.

Wall Street Analysts Forecast Growth

CRI has been the topic of a number of analyst reports. Zacks Research downgraded shares of Carter’s from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Monness Crespi & Hardt increased their target price on shares of Carter’s from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. The Goldman Sachs Group raised shares of Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Thursday, April 9th. Weiss Ratings downgraded shares of Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen lowered shares of Carter’s from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.17.

Carter’s Price Performance

Shares of NYSE CRI opened at $38.65 on Thursday. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 15.58 and a beta of 0.86. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.80 and a quick ratio of 1.72. The firm’s 50 day simple moving average is $39.82 and its 200-day simple moving average is $37.60. Carter’s, Inc. has a 12 month low of $23.38 and a 12 month high of $44.44.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Wednesday, May 6th. The textile maker reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.26. The business had revenue of $681.11 million during the quarter, compared to the consensus estimate of $660.59 million. Carter’s had a net margin of 3.07% and a return on equity of 13.06%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 earnings per share. Carter’s has set its Q2 2026 guidance at 0.020-0.060 EPS. Analysts expect that Carter’s, Inc. will post 3.09 EPS for the current year.

Carter’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 26th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, May 26th. This represents a $1.00 dividend on an annualized basis and a yield of 2.6%. Carter’s’s dividend payout ratio is currently 40.32%.

Carter’s Company Profile

Carter’s, Inc (NYSE: CRI) is a leading designer and marketer of infant and young children’s apparel in North America. Headquartered in Atlanta, Georgia, the company’s core business focuses on creating clothing and accessories for babies and children, including bodysuits, sleepwear, layette, outerwear and accessories that blend comfort, safety and style. Carter’s flagship brand is complemented by its OshKosh B’gosh line, which offers heritage-inspired designs and durable fabrics for toddlers and young kids.

The company distributes its products through a diversified platform that includes wholesale partnerships with major department stores and mass merchandisers, direct‐to‐consumer e-commerce sites, and an extensive network of company-operated retail stores.