Versor Investments LP bought a new stake in Carter’s, Inc. (NYSE:CRI – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,300 shares of the textile maker’s stock, valued at approximately $593,000. Versor Investments LP owned approximately 0.05% of Carter’s at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CRI. Royal Bank of Canada raised its stake in shares of Carter’s by 50.2% in the first quarter. Royal Bank of Canada now owns 40,649 shares of the textile maker’s stock valued at $1,663,000 after purchasing an additional 13,594 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Carter’s by 5.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 120,964 shares of the textile maker’s stock valued at $4,947,000 after purchasing an additional 6,195 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Carter’s by 4.7% in the second quarter. Russell Investments Group Ltd. now owns 16,482 shares of the textile maker’s stock valued at $497,000 after purchasing an additional 734 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of Carter’s by 71.5% in the second quarter. Hsbc Holdings PLC now owns 9,390 shares of the textile maker’s stock valued at $282,000 after purchasing an additional 3,915 shares in the last quarter. Finally, Invesco Ltd. raised its stake in Carter’s by 30.4% during the second quarter. Invesco Ltd. now owns 223,731 shares of the textile maker’s stock worth $6,741,000 after acquiring an additional 52,103 shares in the last quarter.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Wall Street Zen upgraded Carter’s from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Citigroup upgraded Carter’s from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $34.00 to $50.00 in a research note on Wednesday, January 21st. The Goldman Sachs Group upgraded Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Thursday, April 9th. UBS Group increased their price objective on Carter’s from $40.00 to $41.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Monness Crespi & Hardt increased their price objective on Carter’s from $45.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.67.
Carter’s Stock Performance
Shares of NYSE:CRI opened at $33.42 on Thursday. Carter’s, Inc. has a twelve month low of $23.38 and a twelve month high of $44.44. The firm has a market cap of $1.23 billion, a PE ratio of 13.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.80. The business has a fifty day moving average of $35.54 and a 200-day moving average of $34.72.
Carter’s (NYSE:CRI – Get Free Report) last announced its earnings results on Wednesday, May 6th. The textile maker reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.26. Carter’s had a return on equity of 13.06% and a net margin of 3.07%.The company had revenue of $681.11 million during the quarter, compared to analyst estimates of $660.59 million. During the same period last year, the company posted $0.66 earnings per share. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. Carter’s has set its Q2 2026 guidance at 0.020-0.060 EPS. On average, equities research analysts predict that Carter’s, Inc. will post 3.06 EPS for the current fiscal year.
Carter’s Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a $0.25 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. Carter’s’s dividend payout ratio (DPR) is 40.32%.
Carter’s 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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