Clinton Group Inc. Trims Position in Carter’s, Inc. (CRI)

Clinton Group Inc. lowered its position in shares of Carter’s, Inc. (NYSE:CRI) by 47.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,597 shares of the textile maker’s stock after selling 5,085 shares during the period. Clinton Group Inc.’s holdings in Carter’s were worth $498,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CRI. Meeder Asset Management Inc. acquired a new position in Carter’s during the 2nd quarter worth about $118,000. PNC Financial Services Group Inc. lifted its holdings in Carter’s by 2.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after buying an additional 35 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Carter’s by 7.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock worth $156,000 after buying an additional 124 shares during the period. Invictus RG acquired a new position in Carter’s during the 1st quarter worth about $189,000. Finally, MML Investors Services LLC acquired a new position in Carter’s during the 2nd quarter worth about $225,000. Institutional investors and hedge funds own 97.10% of the company’s stock.

Carter’s, Inc. (NYSE CRI) opened at 95.70 on Friday. The stock has a 50 day moving average price of $91.58 and a 200-day moving average price of $88.90. The firm has a market capitalization of $4.58 billion, a P/E ratio of 18.77 and a beta of 0.34. Carter’s, Inc. has a 52 week low of $77.94 and a 52 week high of $99.75.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.79 EPS for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $681.08 million. During the same period last year, the business posted $0.72 earnings per share. Carter’s’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts anticipate that Carter’s, Inc. will post $5.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Tuesday, August 29th were issued 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 1.55%. Carter’s’s dividend payout ratio (DPR) is presently 29.08%.

Several research analysts have commented on the company. Zacks Investment Research raised Carter’s from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Tuesday, September 26th. Bank of America Corporation assumed coverage on Carter’s in a report on Friday, September 15th. They set a “buy” rating and a $106.00 target price on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on Carter’s in a report on Tuesday, September 5th. They set a “buy” rating and a $105.00 target price on the stock. BidaskClub raised Carter’s from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, FBR & Co set a $111.00 target price on Carter’s and gave the stock a “buy” rating in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Carter’s has an average rating of “Buy” and an average price target of $103.45.

ILLEGAL ACTIVITY NOTICE: “Clinton Group Inc. Trims Position in Carter’s, Inc. (CRI)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/08/clinton-group-inc-trims-position-in-carters-inc-cri.html.

In other Carter’s news, Director Thomas E. Whiddon sold 17,500 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $90.35, for a total value of $1,581,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Fulton sold 8,643 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $87.58, for a total transaction of $756,953.94. The disclosure for this sale can be found

A number of other hedge funds have also recently modified their holdings of CRI. Meeder Asset Management Inc. acquired a new position in Carter’s during the 2nd quarter worth about $118,000. PNC Financial Services Group Inc. lifted its holdings in Carter’s by 2.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after buying an additional 35 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Carter’s by 7.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock worth $156,000 after buying an additional 124 shares during the period. Invictus RG acquired a new position in Carter’s during the 1st quarter worth about $189,000. Finally, MML Investors Services LLC acquired a new position in Carter’s during the 2nd quarter worth about $225,000. Institutional investors and hedge funds own 97.10% of the company’s stock.

Carter’s, Inc. (NYSE CRI) opened at 95.70 on Friday. The stock has a 50 day moving average price of $91.58 and a 200-day moving average price of $88.90. The firm has a market capitalization of $4.58 billion, a P/E ratio of 18.77 and a beta of 0.34. Carter’s, Inc. has a 52 week low of $77.94 and a 52 week high of $99.75.

Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.79 EPS for the quarter, topping the Thomson Reuters’ 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 analyst estimates of $681.08 million. During the same period last year, the business posted $0.72 earnings per share. Carter’s’s quarterly revenue was up 8.2% compared to the same quarter last year. Analysts anticipate that Carter’s, Inc. will post $5.61 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Tuesday, August 29th were issued 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 1.55%. Carter’s’s dividend payout ratio (DPR) is presently 29.08%.

Several research analysts have commented on the company. Zacks Investment Research raised Carter’s from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Tuesday, September 26th. Bank of America Corporation assumed coverage on Carter’s in a report on Friday, September 15th. They set a “buy” rating and a $106.00 target price on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on Carter’s in a report on Tuesday, September 5th. They set a “buy” rating and a $105.00 target price on the stock. BidaskClub raised Carter’s from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, FBR & Co set a $111.00 target price on Carter’s and gave the stock a “buy” rating in a report on Friday, June 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. Carter’s has an average rating of “Buy” and an average price target of $103.45.

ILLEGAL ACTIVITY NOTICE: “Clinton Group Inc. Trims Position in Carter’s, Inc. (CRI)” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://ledgergazette.com/2017/10/08/clinton-group-inc-trims-position-in-carters-inc-cri.html.

In other Carter’s news, Director Thomas E. Whiddon sold 17,500 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $90.35, for a total value of $1,581,125.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Fulton sold 8,643 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $87.58, for a total transaction of $756,953.94. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Carter’s Profile

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.

Institutional Ownership by Quarter for Carter`s (NYSE:CRI)

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