Swiss National Bank decreased its position in shares of Carter’s, Inc. (NYSE:CRI) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,900 shares of the textile maker’s stock after selling 1,200 shares during the quarter. Swiss National Bank owned about 0.17% of Carter’s worth $7,196,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new position in Carter’s during the 1st quarter worth approximately $1,842,000. MAI Capital Management raised its holdings in Carter’s by 2.9% during the 1st quarter. MAI Capital Management now owns 7,840 shares of the textile maker’s stock worth $704,000 after purchasing an additional 220 shares during the last quarter. First Citizens Bank & Trust Co. bought a new position in Carter’s during the 2nd quarter worth approximately $490,000. Denver Investment Advisors LLC raised its holdings in Carter’s by 257.7% during the 2nd quarter. Denver Investment Advisors LLC now owns 17,883 shares of the textile maker’s stock worth $1,591,000 after purchasing an additional 12,883 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Carter’s during the 1st quarter worth approximately $436,000. Hedge funds and other institutional investors own 97.27% of the company’s stock.
Shares of Carter’s, Inc. (CRI) opened at 92.47 on Friday. Carter’s, Inc. has a 52-week low of $77.94 and a 52-week high of $98.88. The firm has a market cap of $4.42 billion, a P/E ratio of 18.13 and a beta of 0.30. The company has a 50-day moving average of $88.22 and a 200 day moving average of $88.11.
Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. The business had revenue of $692.10 million during the quarter, compared to the consensus estimate of $681.08 million. Carter’s had a return on equity of 33.18% and a net margin of 7.74%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.72 earnings per share. On average, equities analysts expect that Carter’s, Inc. will post $5.61 earnings per share for the current year.
The company 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 was Friday, August 25th. This represents a $1.48 dividend on an annualized basis and a yield of 1.60%. Carter’s’s dividend payout ratio (DPR) is 29.08%.
In other Carter’s news, Director Paul Fulton sold 8,643 shares of the stock in a transaction on Friday, September 1st. The stock was 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 stock in a transaction on Friday, August 4th. The stock was sold at an average price of $90.35, for a total value of $1,581,125.00. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by corporate insiders.
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CRI has been the subject of several analyst reports. Macquarie initiated coverage on shares of Carter’s in a report on Tuesday, August 29th. They set an “outperform” rating and a $110.00 price target for the company. BidaskClub lowered shares of Carter’s from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. FBR & Co reiterated a “buy” rating on shares of Carter’s in a research note on Thursday, July 13th. Cowen and Company set a $92.00 price objective on shares of Carter’s and gave the company a “hold” rating in a research note on Thursday, July 27th. Finally, CL King reiterated a “hold” rating on shares of Carter’s in a research note on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $101.92.
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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