Maverick Capital Ltd. Sells 127,994 Shares of Carter’s, Inc. $CRI

Maverick Capital Ltd. lowered its position in Carter’s, Inc. (NYSE:CRI) by 86.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,796 shares of the textile maker’s stock after selling 127,994 shares during the period. Maverick Capital Ltd.’s holdings in Carter’s were worth $744,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in Carter’s by 113.7% in the second quarter. AQR Capital Management LLC now owns 2,564,457 shares of the textile maker’s stock valued at $77,267,000 after acquiring an additional 1,364,698 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Carter’s by 36.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,765,205 shares of the textile maker’s stock worth $63,121,000 after purchasing an additional 472,786 shares during the period. Rubric Capital Management LP acquired a new stake in shares of Carter’s during the fourth quarter worth about $14,918,000. Quantinno Capital Management LP lifted its holdings in shares of Carter’s by 1,679.7% during the 2nd quarter. Quantinno Capital Management LP now owns 370,791 shares of the textile maker’s stock valued at $11,172,000 after purchasing an additional 349,957 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Carter’s by 104.3% during the 3rd quarter. Millennium Management LLC now owns 661,920 shares of the textile maker’s stock valued at $18,679,000 after purchasing an additional 337,880 shares in the last quarter.

Carter’s Trading Up 2.0%

NYSE:CRI opened at $39.52 on Wednesday. Carter’s, Inc. has a twelve month low of $23.38 and a twelve month high of $44.44. The company has a quick ratio of 1.72, a current ratio of 2.80 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average price of $39.79 and a two-hundred day moving average price of $37.57. The company has a market cap of $1.46 billion, a P/E ratio of 15.94 and a beta of 0.86.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Wednesday, May 6th. The textile maker reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.26. The company had revenue of $681.11 million during the quarter, compared to analysts’ expectations of $660.59 million. Carter’s had a net margin of 3.07% and a return on equity of 13.06%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $0.66 EPS. Carter’s has set its Q2 2026 guidance at 0.020-0.060 EPS. As a group, analysts expect that Carter’s, Inc. will post 3.09 EPS for the current fiscal year.

Carter’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 26th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, May 26th. Carter’s’s payout ratio is presently 40.32%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CRI. The Goldman Sachs Group raised Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Thursday, April 9th. Monness Crespi & Hardt increased their price objective on shares of Carter’s from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings cut shares of Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. UBS Group reaffirmed a “buy” rating on shares of Carter’s in a research note on Wednesday, July 8th. Finally, Citigroup reiterated a “buy” rating on shares of Carter’s in a report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $41.17.

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.