Cinctive Capital Management LP Takes $779,000 Position in Carter’s, Inc. $CRI

Cinctive Capital Management LP purchased a new position in shares of Carter’s, Inc. (NYSE:CRI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,617 shares of the textile maker’s stock, valued at approximately $779,000. Cinctive Capital Management LP owned 0.08% of Carter’s as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Royal Bank of Canada raised its position in Carter’s by 50.2% during the 1st quarter. Royal Bank of Canada now owns 40,649 shares of the textile maker’s stock worth $1,663,000 after purchasing an additional 13,594 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Carter’s by 5.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 120,964 shares of the textile maker’s stock valued at $4,947,000 after buying an additional 6,195 shares during the last quarter. Bank of Montreal Can grew its position in shares of Carter’s by 73.7% in the 2nd quarter. Bank of Montreal Can now owns 11,814 shares of the textile maker’s stock valued at $356,000 after buying an additional 5,011 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Carter’s by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 611,403 shares of the textile maker’s stock valued at $18,422,000 after buying an additional 3,516 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in shares of Carter’s in the second quarter valued at about $240,000.

Carter’s Stock Up 1.3%

Shares of NYSE:CRI opened at $35.12 on Tuesday. Carter’s, Inc. has a 1 year low of $23.38 and a 1 year high of $44.44. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.51 and a quick ratio of 1.44. The business’s 50-day moving average is $36.92 and its 200-day moving average is $33.01. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 13.94, a P/E/G ratio of 5.26 and a beta of 1.07.

Carter’s (NYSE:CRI) last released its earnings results on Friday, February 27th. The textile maker reported $1.90 EPS for the quarter, topping the consensus estimate of $1.70 by $0.20. Carter’s had a return on equity of 14.45% and a net margin of 3.17%.The business had revenue of $925.45 million during the quarter, compared to analysts’ expectations of $912.36 million. During the same quarter last year, the firm posted $2.39 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. Carter’s has set its Q1 2026 guidance at 0.020-0.080 EPS. Equities research analysts predict 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 will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a $0.25 dividend. The ex-dividend date is Friday, March 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.8%. Carter’s’s payout ratio is currently 39.68%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen raised Carter’s from a “sell” rating to a “hold” rating in a research note on Sunday, January 11th. Monness Crespi & Hardt raised shares of Carter’s from a “neutral” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Monday, March 2nd. Weiss Ratings lowered shares of Carter’s from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, March 5th. UBS Group boosted their price target on shares of Carter’s from $33.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Finally, Zacks Research raised shares of Carter’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.83.

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.