Marshall Wace LLP boosted its position in shares of Carter’s, Inc. (NYSE:CRI) by 69.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 345,825 shares of the textile maker’s stock after purchasing an additional 141,168 shares during the period. Marshall Wace LLP owned 0.75% of Carter’s worth $34,098,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. acquired a new stake in Carter’s during the third quarter valued at $108,000. Fort L.P. bought a new position in Carter’s during the second quarter valued at about $119,000. First Hawaiian Bank bought a new position in shares of Carter’s in the third quarter worth about $122,000. FNY Investment Advisers LLC bought a new position in shares of Carter’s in the third quarter worth about $163,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of Carter’s in the second quarter worth about $195,000.
CRI has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on Carter’s from $107.00 to $113.00 and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research upgraded Carter’s from a “hold” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Tuesday, September 18th. Macquarie set a $100.00 price objective on Carter’s and gave the stock a “buy” rating in a research note on Friday, October 26th. Monness Crespi & Hardt dropped their price objective on Carter’s from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Finally, TheStreet lowered Carter’s from a “b” rating to a “c+” rating in a research note on Thursday, October 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Carter’s presently has an average rating of “Hold” and an average target price of $111.20.
Carter’s (NYSE:CRI) last announced its earnings results on Thursday, October 25th. The textile maker reported $1.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.12). Carter’s had a return on equity of 33.05% and a net margin of 8.44%. The company had revenue of $923.91 million during the quarter, compared to analyst estimates of $940.87 million. On average, equities research analysts expect that Carter’s, Inc. will post 6.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 27th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, November 26th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.11%. Carter’s’s dividend payout ratio is 31.25%.
In other news, CEO Michael Dennis Casey sold 25,000 shares of the stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $89.07, for a total transaction of $2,226,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jill Wilson sold 2,835 shares of the stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $96.27, for a total transaction of $272,925.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 102,835 shares of company stock valued at $9,606,925. Company insiders own 3.30% of the company’s stock.
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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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