Empowered Funds LLC bought a new stake in Carter’s, Inc. (NYSE:CRI – Free Report) during the 1st quarter, HoldingsChannel reports. The firm bought 136,908 shares of the textile maker’s stock, valued at approximately $4,896,000.
Other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company grew its holdings in Carter’s by 34.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 14,313 shares of the textile maker’s stock worth $512,000 after acquiring an additional 3,703 shares during the period. SummitTX Capital L.P. lifted its stake in shares of Carter’s by 68.2% in the 1st quarter. SummitTX Capital L.P. now owns 41,137 shares of the textile maker’s stock valued at $1,471,000 after purchasing an additional 16,687 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Carter’s in the 1st quarter valued at about $119,000. Aristides Capital LLC boosted its position in shares of Carter’s by 123.3% during the 1st quarter. Aristides Capital LLC now owns 163,949 shares of the textile maker’s stock valued at $5,863,000 after purchasing an additional 90,533 shares in the last quarter. Finally, State of Wyoming boosted its position 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 valued at $437,000 after purchasing an additional 10,095 shares in the last quarter.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on CRI shares. Monness Crespi & Hardt raised their target price on Carter’s from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Weiss Ratings lowered Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Citigroup restated a “buy” rating on shares of Carter’s in a report on Tuesday, July 21st. The Goldman Sachs Group raised shares of Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Thursday, April 9th. Finally, UBS Group reiterated a “buy” rating on shares of Carter’s in a research note on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.17.
Carter’s News Summary
Here are the key news stories impacting Carter’s this week:
- Positive Sentiment: Carter’s reported second-quarter adjusted earnings of $0.26 per share, substantially above analyst estimates of approximately $0.02–$0.06 and up from $0.17 a year earlier. Carter’s Beats Q2 Earnings and Revenue Estimates
- Positive Sentiment: Revenue increased 5.2% year over year to $615.5 million, exceeding the roughly $605.7 million consensus estimate. Management also said adjusted operating profit rose 54% and that results exceeded its prior outlook. Carter’s Reports Second Quarter Fiscal 2026 Results
- Neutral Sentiment: Full-year 2026 revenue guidance was maintained or updated at approximately $3.0 billion, broadly in line with consensus. The available guidance report did not provide a comparable full-year EPS figure. Carter’s Q2 2026 Earnings Call Transcript
- Negative Sentiment: Third-quarter revenue guidance of approximately $750 million fell well below the analyst consensus of $797 million. The shortfall creates concern about near-term sales momentum despite the strong second-quarter performance. Carter’s Q2 Sales and Guidance
Carter’s Price Performance
Shares of NYSE CRI opened at $38.65 on Friday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 7.24 and a beta of 0.86. The firm’s 50-day moving average price is $39.85 and its 200-day moving average price is $37.62. The company has a current ratio of 2.80, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. Carter’s, Inc. has a 1-year low of $23.38 and a 1-year high of $44.44.
Carter’s (NYSE:CRI – Get Free Report) last issued its earnings results on Friday, July 31st. The textile maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.06 by $0.20. Carter’s had a return on equity of 13.06% and a net margin of 3.07%.The company had revenue of $615.49 million during the quarter, compared to the consensus estimate of $605.68 million. During the same period last year, the business posted $0.17 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Carter’s, Inc. will post 3.09 earnings per share for the current fiscal year.
Carter’s Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 26th were issued a $0.25 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $1.00 annualized dividend and a yield of 2.6%. Carter’s’s dividend payout ratio is presently 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.
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