New York State Teachers Retirement System raised its position in Carter’s, Inc. (NYSE:CRI) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 66,800 shares of the textile maker’s stock after buying an additional 1,300 shares during the period. New York State Teachers Retirement System owned 0.14% of Carter’s worth $5,999,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of CRI. IFP Advisors Inc boosted its stake in shares of Carter’s by 2.7% in the first quarter. IFP Advisors Inc now owns 1,155 shares of the textile maker’s stock worth $104,000 after buying an additional 30 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Carter’s by 100.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,392 shares of the textile maker’s stock worth $125,000 after buying an additional 696 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Carter’s during the first quarter worth about $158,000. WFG Advisors LP boosted its stake in shares of Carter’s by 7.2% in the first quarter. WFG Advisors LP now owns 2,010 shares of the textile maker’s stock worth $180,000 after buying an additional 135 shares in the last quarter. Finally, Sawtooth Solutions LLC purchased a new stake in shares of Carter’s during the first quarter worth about $234,000. Institutional investors and hedge funds own 98.53% of the company’s stock.
Shares of Carter’s, Inc. (CRI) traded down 1.16% during mid-day trading on Friday, hitting $86.27. 734,436 shares of the company traded hands. The stock has a market capitalization of $4.14 billion, a PE ratio of 16.92 and a beta of 0.33. Carter’s, Inc. has a 1-year low of $77.94 and a 1-year high of $103.51. The firm’s 50 day moving average price is $87.43 and its 200-day moving average price is $87.10.
Carter’s (NYSE:CRI) last issued its earnings results on Thursday, July 27th. The textile maker reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. The company had revenue of $692.10 million for the quarter, compared to analysts’ expectations of $681.08 million. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.72 EPS. On average, equities research analysts forecast that Carter’s, Inc. will post $5.61 EPS for the current year.
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A number of equities research analysts have recently weighed in on CRI shares. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $105.00 price target on shares of Carter’s in a research report on Wednesday, April 26th. Zacks Investment Research upgraded shares of Carter’s from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research report on Friday, April 28th. FBR & Co restated a “buy” rating on shares of Carter’s in a research report on Thursday, July 13th. CL King restated a “hold” rating on shares of Carter’s in a research report on Thursday, June 8th. Finally, Cowen and Company set a $92.00 price objective on shares of Carter’s and gave the company a “hold” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. Carter’s has a consensus rating of “Hold” and an average price target of $100.40.
In related news, CFO Richard F. Westenberger sold 3,150 shares of Carter’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $93.13, for a total value of $293,359.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Pulver bought 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was acquired at an average price of $80.10 per share, for a total transaction of $80,100.00. Following the transaction, the director now owns 54,331 shares in the company, valued at $4,351,913.10. The disclosure for this purchase can be found here. 3.10% of the stock is owned by company insiders.
Carter’s Company 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.
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