Carter’s, Inc. (NYSE:CRI) Short Interest Update

Carter’s, Inc. (NYSE:CRI) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 2,648,948 shares, a decline of 18.9% from the March 31st total of 3,264,675 shares. Based on an average trading volume of 1,036,237 shares, the days-to-cover ratio is currently 2.6 days. Approximately 7.4% of the company’s stock are sold short.

Hedge Funds Weigh In On Carter’s

Several large investors have recently bought and sold shares of CRI. RWWM Inc. grew its holdings in shares of Carter’s by 44.8% during the third quarter. RWWM Inc. now owns 5,900,170 shares of the textile maker’s stock worth $166,503,000 after purchasing an additional 1,824,379 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Carter’s by 113.7% in the 2nd quarter. AQR Capital Management LLC now owns 2,564,457 shares of the textile maker’s stock valued at $77,267,000 after purchasing an additional 1,364,698 shares during the last quarter. Rubric Capital Management LP purchased a new stake in shares of Carter’s in the 4th quarter valued at about $14,918,000. Allianz Asset Management GmbH boosted its position in shares of Carter’s by 43.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,201,996 shares of the textile maker’s stock valued at $33,920,000 after purchasing an additional 365,501 shares during the period. Finally, Quantinno Capital Management LP grew its stake in 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 worth $11,172,000 after buying an additional 349,957 shares during the last quarter.

Carter’s Stock Down 0.8%

Shares of CRI traded down $0.29 during midday trading on Thursday, reaching $36.17. The stock had a trading volume of 934,547 shares, compared to its average volume of 1,046,637. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.51 and a quick ratio of 1.44. Carter’s has a 1-year low of $23.38 and a 1-year high of $44.44. The company’s fifty day simple moving average is $36.36 and its two-hundred day simple moving average is $34.47. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 5.42 and a beta of 0.98.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Friday, February 27th. The textile maker reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.20. Carter’s had a net margin of 3.17% and a return on equity of 14.45%. The business had revenue of $925.45 million during the quarter, compared to the consensus estimate of $912.36 million. During the same quarter in the previous year, the firm earned $2.39 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Carter’s has set its Q1 2026 guidance at 0.020-0.080 EPS. Equities research analysts expect that Carter’s will post 2.99 earnings per share for the current year.

Carter’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. Carter’s’s payout ratio is 39.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CRI shares. Monness Crespi & Hardt raised shares of Carter’s from a “neutral” rating to a “buy” rating and set a $45.00 price objective on the stock in a research report on Monday, March 2nd. Needham & Company LLC began coverage on shares of Carter’s in a report on Thursday, March 26th. They issued a “hold” rating on the stock. UBS Group raised their price objective on shares of Carter’s from $33.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Wells Fargo & Company raised their price objective on shares of Carter’s from $28.00 to $33.00 and gave the company an “underweight” rating in a report on Wednesday. Finally, The Goldman Sachs Group upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Carter’s presently has an average rating of “Hold” and a consensus target price of $38.67.

About Carter’s

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.