Carter’s, Inc. (CRI) Position Lowered by Tributary Capital Management LLC

Tributary Capital Management LLC cut its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 52.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 6,100 shares of the textile maker’s stock after selling 6,700 shares during the quarter. Tributary Capital Management LLC’s holdings in Carter’s were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. First Hawaiian Bank purchased a new position in Carter’s in the third quarter worth about $122,000. Cascade Investment Advisors Inc. boosted its position in Carter’s by 10.5% in the third quarter. Cascade Investment Advisors Inc. now owns 7,660 shares of the textile maker’s stock worth $755,000 after purchasing an additional 725 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Carter’s by 4.0% in the second quarter. Public Employees Retirement System of Ohio now owns 213,032 shares of the textile maker’s stock worth $23,091,000 after purchasing an additional 8,131 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Carter’s by 239.0% in the second quarter. Advisors Asset Management Inc. now owns 11,289 shares of the textile maker’s stock worth $272,000 after purchasing an additional 7,959 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Carter’s by 4.1% in the second quarter. California Public Employees Retirement System now owns 145,617 shares of the textile maker’s stock worth $15,783,000 after purchasing an additional 5,694 shares during the last quarter. 95.80% of the stock is currently owned by institutional investors.

CRI has been the topic of several research reports. ValuEngine raised Carter’s from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Zacks Investment Research raised Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. UBS Group initiated coverage on Carter’s in a research report on Thursday, June 21st. They issued a “neutral” rating and a $114.00 target price on the stock. Finally, Cowen reissued a “hold” rating and issued a $104.00 target price on shares of Carter’s in a research report on Friday, July 27th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $120.70.

In related news, Director Jevin Eagle sold 5,000 shares of Carter’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $109.10, for a total transaction of $545,500.00. Following the sale, the director now owns 6,297 shares of the company’s stock, valued at approximately $687,002.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Pulver bought 1,000 shares of the firm’s stock in a transaction that occurred on Friday, July 27th. The shares were acquired at an average cost of $105.00 per share, for a total transaction of $105,000.00. Following the purchase, the director now directly owns 58,517 shares in the company, valued at approximately $6,144,285. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 13,000 shares of company stock worth $1,309,110. Insiders own 3.30% of the company’s stock.

CRI stock opened at $96.03 on Friday. Carter’s, Inc. has a twelve month low of $91.99 and a twelve month high of $129.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.24 and a current ratio of 3.36. The stock has a market cap of $4.51 billion, a PE ratio of 16.67, a P/E/G ratio of 1.64 and a beta of 0.50.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, July 26th. The textile maker reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.22. Carter’s had a return on equity of 34.29% and a net margin of 8.69%. The firm had revenue of $696.20 million for the quarter, compared to analysts’ expectations of $684.04 million. During the same period in the previous year, the firm earned $0.79 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts forecast that Carter’s, Inc. will post 6.44 earnings per share for the current fiscal year.

Carter’s Company Profile

Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.

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

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