Epoch Investment Partners Inc. grew its position in Carter's, Inc. (NYSE:CRI) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 299,796 shares of the textile maker’s stock after buying an additional 1,796 shares during the quarter. Epoch Investment Partners Inc. owned 0.63% of Carter's worth $29,605,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. Alps Advisors Inc. lifted its holdings in shares of Carter's by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,419 shares of the textile maker’s stock worth $482,000 after buying an additional 14 shares during the period. Sawtooth Solutions LLC lifted its holdings in shares of Carter's by 1.2% in the 2nd quarter. Sawtooth Solutions LLC now owns 2,632 shares of the textile maker’s stock worth $234,000 after buying an additional 31 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of 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 purchasing an additional 35 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Carter's by 2.3% during the 2nd quarter. Advisor Group Inc. now owns 3,549 shares of the textile maker’s stock worth $315,000 after purchasing an additional 79 shares during the last quarter. Finally, Bronfman E.L. Rothschild L.P. lifted its stake in shares of Carter's by 3.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,714 shares of the textile maker’s stock worth $241,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 98.70% of the company’s stock.
Carter's, Inc. (CRI) opened at $109.56 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $5,152.09, a PE ratio of 20.74, a PEG ratio of 2.13 and a beta of 0.37. Carter's, Inc. has a 1-year low of $77.94 and a 1-year high of $111.51.
Carter's (NYSE:CRI) last announced its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. The business had revenue of $948.23 million for the quarter, compared to analyst estimates of $950.64 million. Carter's had a return on equity of 33.38% and a net margin of 7.69%. The company’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.61 earnings per share. sell-side analysts anticipate that Carter's, Inc. will post 5.63 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 20th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, November 17th. Carter's’s dividend payout ratio is presently 28.46%.
In related news, CFO Richard F. Westenberger sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $105.02, for a total transaction of $525,100.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Michael Dennis Casey sold 26,524 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $99.14, for a total value of $2,629,589.36. The disclosure for this sale can be found here. Insiders sold 124,507 shares of company stock worth $12,861,396 over the last three months. Corporate insiders own 3.10% of the company’s stock.
A number of equities research analysts recently weighed in on the company. B. Riley restated a “buy” rating on shares of Carter's in a research note on Wednesday, November 1st. BidaskClub cut Carter's from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded Carter's from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research note on Tuesday, September 26th. FBR & Co restated a “buy” rating and set a $111.00 price objective on shares of Carter's in a research note on Thursday, October 26th. Finally, Citigroup upped their price objective on Carter's from $108.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $105.27.
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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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