Carter’s, Inc. (NYSE:CRI) Short Interest Down 18.9% in April

Carter’s, Inc. (NYSE:CRI) was the recipient of a significant decline in short interest in 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. Currently, 7.4% of the company’s shares are sold short. Based on an average daily volume of 1,036,237 shares, the days-to-cover ratio is currently 2.6 days.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CRI shares. The Goldman Sachs Group raised shares of 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. Weiss Ratings raised shares of Carter’s from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, March 19th. Wall Street Zen raised shares of Carter’s from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Zacks Research raised shares of Carter’s from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, UBS Group upped their price objective on shares of Carter’s from $33.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. One investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $38.67.

Carter’s Stock Down 6.6%

NYSE:CRI traded down $2.37 during mid-day trading on Friday, reaching $33.75. The company’s stock had a trading volume of 2,337,258 shares, compared to its average volume of 1,054,235. Carter’s has a 1 year low of $23.38 and a 1 year high of $44.44. The stock has a fifty day moving average of $36.36 and a 200-day moving average of $34.47. 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 0.98. The company has a quick ratio of 1.44, a current ratio of 2.51 and a debt-to-equity ratio of 0.61.

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

Carter’s Dividend Announcement

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

Hedge Funds Weigh In On Carter’s

A number of large investors have recently added to or reduced their stakes in CRI. UMB Bank n.a. raised its holdings in Carter’s by 445.8% in the fourth quarter. UMB Bank n.a. now owns 775 shares of the textile maker’s stock worth $25,000 after purchasing an additional 633 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Carter’s by 555.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,115 shares of the textile maker’s stock worth $31,000 after purchasing an additional 945 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Carter’s by 1,208.1% in the third quarter. Hantz Financial Services Inc. now owns 1,295 shares of the textile maker’s stock worth $37,000 after purchasing an additional 1,196 shares in the last quarter. Versant Capital Management Inc raised its holdings in Carter’s by 135.4% in the third quarter. Versant Capital Management Inc now owns 1,415 shares of the textile maker’s stock worth $40,000 after purchasing an additional 814 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Carter’s by 202.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,486 shares of the textile maker’s stock valued at $45,000 after acquiring an additional 995 shares in the last quarter.

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.