Dark Forest Capital Management LP Reduces Stake in Carter's, Inc. (NYSE:CRI)

Dark Forest Capital Management LP cut its stake in Carter's, Inc. (NYSE:CRI - Free Report) by 66.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,583 shares of the textile maker's stock after selling 48,938 shares during the quarter. Dark Forest Capital Management LP owned about 0.07% of Carter's worth $1,332,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hsbc Holdings PLC increased its position in Carter's by 7.1% during the fourth quarter. Hsbc Holdings PLC now owns 5,217 shares of the textile maker's stock worth $279,000 after purchasing an additional 347 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Carter's by 32.6% in the 4th quarter. Stifel Financial Corp now owns 12,336 shares of the textile maker's stock valued at $668,000 after buying an additional 3,036 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Carter's by 81.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,768 shares of the textile maker's stock worth $529,000 after buying an additional 4,378 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Carter's by 13.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,248,489 shares of the textile maker's stock valued at $67,651,000 after buying an additional 149,058 shares during the period. Finally, First Trust Advisors LP lifted its holdings in Carter's by 33.3% in the fourth quarter. First Trust Advisors LP now owns 1,919,953 shares of the textile maker's stock valued at $104,042,000 after acquiring an additional 479,961 shares during the last quarter.

Carter's Stock Up 2.5 %

NYSE:CRI opened at $36.86 on Wednesday. Carter's, Inc. has a 52 week low of $32.12 and a 52 week high of $74.40. The company has a quick ratio of 0.96, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The stock's fifty day moving average is $41.27 and its two-hundred day moving average is $50.53. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 5.85, a price-to-earnings-growth ratio of 3.37 and a beta of 1.09.

Carter's (NYSE:CRI - Get Free Report) last released its earnings results on Tuesday, February 25th. The textile maker reported $2.39 earnings per share for the quarter, beating the consensus estimate of $1.87 by $0.52. The company had revenue of $859.70 million during the quarter, compared to the consensus estimate of $835.82 million. Carter's had a return on equity of 27.15% and a net margin of 8.11%. Carter's's revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.76 EPS. Research analysts anticipate that Carter's, Inc. will post 5.15 EPS for the current year.

Carter's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 10th were given a $0.80 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $3.20 annualized dividend and a yield of 8.68%. Carter's's dividend payout ratio is presently 62.62%.

Analyst Ratings Changes

Several equities research analysts have issued reports on CRI shares. UBS Group cut their target price on Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Citigroup cut their price objective on Carter's from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their target price on shares of Carter's from $65.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th.

Carter's Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.