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

Carter’s, Inc. (NYSE:CRI) saw a large 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 short-interest ratio is presently 2.6 days. Approximately 7.4% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CRI. UBS Group lifted their price objective on shares of Carter’s from $33.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Citigroup raised shares of Carter’s from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $34.00 to $50.00 in a report on Wednesday, January 21st. Wells Fargo & Company lifted their price objective on shares of Carter’s from $28.00 to $33.00 and gave the stock an “underweight” rating in a report on Wednesday. Weiss Ratings raised shares of Carter’s from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, March 19th. Finally, The Goldman Sachs Group raised shares of Carter’s from a “neutral” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $38.67.

Carter’s Trading Down 6.6%

Shares of CRI stock traded down $2.37 during mid-day trading on Friday, reaching $33.75. The stock had a trading volume of 2,337,258 shares, compared to its average volume of 1,054,235. The stock’s 50-day moving average price is $36.36 and its two-hundred day moving average price is $34.47. Carter’s has a 52-week low of $23.38 and a 52-week high of $44.44. The firm has a market capitalization of $1.24 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 5.37 and a beta of 0.86. The company has a current ratio of 2.51, a quick ratio of 1.44 and a debt-to-equity ratio of 0.61.

Carter’s (NYSE:CRI) last released its quarterly earnings data on Friday, February 27th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.20. Carter’s had a net margin of 3.17% and a return on equity of 14.45%. The firm had revenue of $925.45 million for the quarter, compared to analysts’ expectations of $912.36 million. During the same quarter in the previous year, the company earned $2.39 earnings per share. The company’s revenue for the quarter 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 analysts expect that Carter’s will post 2.99 earnings per share for the current fiscal year.

Carter’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a $0.25 dividend. The ex-dividend date was Friday, March 13th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. Carter’s’s payout ratio is presently 39.68%.

Hedge Funds Weigh In On Carter’s

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Carter’s by 50.2% during the first quarter. Royal Bank of Canada now owns 40,649 shares of the textile maker’s stock valued at $1,663,000 after buying an additional 13,594 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Carter’s by 5.4% during the first 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 period. Russell Investments Group Ltd. increased its position in shares of Carter’s by 4.7% during the second quarter. Russell Investments Group Ltd. now owns 16,482 shares of the textile maker’s stock valued at $497,000 after buying an additional 734 shares during the period. Hsbc Holdings PLC increased its position in shares of Carter’s by 71.5% during the second quarter. Hsbc Holdings PLC now owns 9,390 shares of the textile maker’s stock valued at $282,000 after buying an additional 3,915 shares during the period. Finally, Invesco Ltd. increased its position in shares of Carter’s by 30.4% during the second quarter. Invesco Ltd. now owns 223,731 shares of the textile maker’s stock valued at $6,741,000 after buying an additional 52,103 shares during the period.

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.