Eisler Capital Management Ltd. Acquires New Holdings in Carter’s, Inc. (NYSE:CRI)

Eisler Capital Management Ltd. bought a new stake in Carter’s, Inc. (NYSE:CRI) in the fourth quarter, Holdings Channel reports. The fund bought 14,558 shares of the textile maker’s stock, valued at approximately $783,000.

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

Carter’s Trading Down 0.8 %

Shares of NYSE CRI opened at $34.16 on Friday. 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, Inc. has a one year low of $32.04 and a one year high of $72.11. The business has a 50-day moving average price of $37.82 and a two-hundred day moving average price of $47.94. The firm has a market capitalization of $1.24 billion, a PE ratio of 5.42, a PEG ratio of 3.37 and a beta of 1.05.

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

Carter’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 10th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 9.37%. The ex-dividend date was Monday, March 10th. Carter’s’s dividend payout ratio (DPR) is presently 70.80%.

Wall Street Analyst Weigh In

CRI has been the topic of a number of recent research reports. Citigroup decreased their target price on Carter’s from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company lowered shares of Carter’s from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $40.00 to $25.00 in a research note on Wednesday, April 30th. Barclays started coverage on shares of Carter’s in a research report on Monday, April 28th. They issued an “underweight” rating and a $25.00 target price on the stock. Finally, UBS Group reduced their price target on shares of Carter’s from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $36.20.

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.