Brevan Howard Capital Management LP Purchases 10,508 Shares of Carter’s, Inc. (NYSE:CRI)

Brevan Howard Capital Management LP lifted its position in Carter’s, Inc. (NYSE:CRI) by 41.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,895 shares of the textile maker’s stock after acquiring an additional 10,508 shares during the quarter. Brevan Howard Capital Management LP owned 0.10% of Carter’s worth $1,945,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Carter’s by 58.7% in the 3rd quarter. Barclays PLC now owns 20,077 shares of the textile maker’s stock valued at $1,304,000 after purchasing an additional 7,429 shares in the last quarter. Franklin Resources Inc. increased its holdings in Carter’s by 109.8% during the third quarter. Franklin Resources Inc. now owns 38,617 shares of the textile maker’s stock valued at $2,468,000 after buying an additional 20,210 shares during the period. GAMMA Investing LLC raised its stake in Carter’s by 258.0% in the fourth quarter. GAMMA Investing LLC now owns 1,450 shares of the textile maker’s stock worth $79,000 after buying an additional 1,045 shares in the last quarter. Pallas Capital Advisors LLC increased its holdings in shares of Carter’s by 66.7% in the 4th quarter. Pallas Capital Advisors LLC now owns 5,182 shares of the textile maker’s stock valued at $281,000 after acquiring an additional 2,074 shares during the period. Finally, Oak Thistle LLC bought a new position in shares of Carter’s in the 4th quarter worth $410,000.

Carter’s Price Performance

Shares of CRI stock opened at $32.79 on Wednesday. Carter’s, Inc. has a fifty-two week low of $32.04 and a fifty-two week high of $72.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.96 and a current ratio of 2.21. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 5.20, a PEG ratio of 3.37 and a beta of 1.05. The stock’s 50-day simple moving average is $38.28 and its 200-day simple moving average is $48.50.

Carter’s (NYSE:CRI) last released its earnings results on Friday, April 25th. The textile maker reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.13. The company had revenue of $291.09 million for the quarter, compared to the consensus estimate of $624.86 million. Carter’s had a net margin of 8.11% and a return on equity of 27.15%. Carter’s’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.98 EPS. As a group, equities analysts forecast that Carter’s, Inc. will post 5.15 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 10th were paid 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 yield of 9.76%. Carter’s’s dividend payout ratio (DPR) is 70.80%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CRI shares. UBS Group dropped their price objective on Carter’s from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company cut shares of Carter’s from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $40.00 to $25.00 in a report on Wednesday, April 30th. Citigroup reduced their price objective on shares of Carter’s from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Finally, Barclays initiated coverage on shares of Carter’s in a research note on Monday, April 28th. They issued 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 given a hold rating to the stock. According to data from MarketBeat, Carter’s currently has a consensus rating of “Reduce” and an average target price 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.