Trexquant Investment LP Invests $666,000 in Carter's, Inc. (NYSE:CRI)

Trexquant Investment LP acquired a new position in shares of Carter's, Inc. (NYSE:CRI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,283 shares of the textile maker's stock, valued at approximately $666,000.

Several other hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. increased its position in Carter's by 42.7% during the 4th quarter. Franklin Resources Inc. now owns 55,100 shares of the textile maker's stock worth $2,986,000 after purchasing an additional 16,483 shares during the period. Meeder Asset Management Inc. purchased a new stake in shares of Carter's in the fourth quarter valued at approximately $316,000. Arrowstreet Capital Limited Partnership grew its holdings in Carter's by 165.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 209,868 shares of the textile maker's stock worth $11,373,000 after acquiring an additional 130,930 shares during the period. New Age Alpha Advisors LLC purchased a new position in Carter's in the fourth quarter worth $54,000. Finally, Easterly Investment Partners LLC lifted its holdings in Carter's by 15.5% in the fourth quarter. Easterly Investment Partners LLC now owns 32,268 shares of the textile maker's stock valued at $1,749,000 after acquiring an additional 4,335 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Citigroup lowered their price target on shares of Carter's from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company lowered 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. Finally, UBS Group reduced their price target on shares of Carter's from $57.00 to $49.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th.

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Carter's Price Performance

Shares of NYSE:CRI traded down $0.84 during midday trading on Tuesday, hitting $35.88. 1,388,574 shares of the stock were exchanged, compared to its average volume of 1,196,890. The stock has a market cap of $1.29 billion, a P/E ratio of 5.70, a PEG ratio of 3.37 and a beta of 1.09. Carter's, Inc. has a twelve month low of $32.12 and a twelve month high of $74.40. The company has a 50 day moving average price of $43.13 and a 200-day moving average price of $51.64. The company has a current ratio of 2.21, a quick ratio of 0.96 and a debt-to-equity ratio of 0.60.

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

Carter's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders 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 dividend yield of 8.92%. Carter's's dividend payout ratio is currently 62.62%.

About Carter's

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.