Federated Investors Inc. PA lessened its holdings in Carter’s, Inc. (NYSE:CRI) by 7.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,797 shares of the textile maker’s stock after selling 1,912 shares during the period. Federated Investors Inc. PA owned 0.05% of Carter’s worth $2,205,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of CRI. IFP Advisors Inc increased its stake in Carter’s by 2.7% in the first quarter. IFP Advisors Inc now owns 1,155 shares of the textile maker’s stock valued at $104,000 after acquiring an additional 30 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Carter’s in the second quarter valued at $118,000. Acadian Asset Management LLC bought a new position in Carter’s in the first quarter valued at $158,000. WFG Advisors LP increased its stake in Carter’s by 7.2% in the first quarter. WFG Advisors LP now owns 2,010 shares of the textile maker’s stock valued at $180,000 after acquiring an additional 135 shares during the last quarter. Finally, Invictus RG bought a new position in Carter’s in the first quarter valued at $189,000. Institutional investors own 97.27% of the company’s stock.
In related news, Director Paul Fulton sold 8,643 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $87.58, for a total value of $756,953.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas E. Whiddon sold 17,500 shares of the company’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $90.35, for a total transaction of $1,581,125.00. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.
A number of research firms recently commented on CRI. Bank of America Corporation began coverage on Carter’s in a research note on Friday. They issued a “buy” rating and a $106.00 target price on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on Carter’s in a research note on Tuesday, September 5th. They set a “buy” rating and a $105.00 price objective on the stock. BidaskClub cut Carter’s from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Oppenheimer Holdings, Inc. set a $105.00 price objective on Carter’s and gave the company a “buy” rating in a research note on Wednesday, June 14th. Finally, FBR & Co set a $111.00 price objective on Carter’s and gave the company a “buy” rating in a research note on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $101.92.
Carter’s, Inc. (NYSE CRI) traded up 0.73% during mid-day trading on Friday, hitting $92.47. 629,246 shares of the stock were exchanged. The company’s 50-day moving average price is $88.22 and its 200 day moving average price is $88.11. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 18.13 and a beta of 0.30. Carter’s, Inc. has a 52 week low of $77.94 and a 52 week high of $98.88.
Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.09. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. The business had revenue of $692.10 million during the quarter, compared to the consensus estimate of $681.08 million. During the same quarter in the previous year, the firm earned $0.72 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. Equities research analysts expect that Carter’s, Inc. will post $5.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, August 29th were given a $0.37 dividend. The ex-dividend date of this dividend was Friday, August 25th. This represents a $1.48 annualized dividend and a yield of 1.60%. Carter’s’s dividend payout ratio (DPR) is 29.08%.
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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