Carter’s, Inc. (CRI) Stake Lowered by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC reduced its holdings in Carter’s, Inc. (NYSE:CRI) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,054 shares of the textile maker’s stock after selling 4,014 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.31% of Carter’s worth $11,676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. SRS Capital Advisors Inc. acquired a new position in shares of Carter’s in the 3rd quarter worth approximately $108,000. First Hawaiian Bank acquired a new position in Carter’s during the 3rd quarter worth $122,000. FNY Investment Advisers LLC acquired a new position in Carter’s during the 3rd quarter worth $163,000. Virtu Financial LLC acquired a new position in Carter’s during the 4th quarter worth $258,000. Finally, Janney Montgomery Scott LLC acquired a new position in Carter’s during the 3rd quarter worth $318,000. 95.82% of the stock is currently owned by institutional investors and hedge funds.

CRI has been the topic of several research reports. Citigroup upped their price objective on Carter’s from $107.00 to $113.00 and gave the stock a “buy” rating in a report on Monday, December 3rd. Macquarie set a $100.00 price objective on Carter’s and gave the stock a “buy” rating in a report on Friday, October 26th. Monness Crespi & Hardt reduced their price objective on Carter’s from $130.00 to $120.00 and set a “buy” rating on the stock in a report on Friday, October 26th. TheStreet downgraded Carter’s from a “b” rating to a “c+” rating in a report on Thursday, October 25th. Finally, ValuEngine raised Carter’s from a “sell” rating to a “hold” rating in a report on Monday, November 26th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $109.50.

In other Carter’s news, Director David Pulver bought 1,000 shares of the company’s stock in a transaction on Thursday, December 6th. The stock was bought at an average price of $86.10 per share, for a total transaction of $86,100.00. Following the transaction, the director now owns 65,517 shares of the company’s stock, valued at approximately $5,641,013.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Dennis Casey sold 25,000 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $89.07, for a total transaction of $2,226,750.00. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Shares of Carter’s stock opened at $88.87 on Thursday. The firm has a market cap of $3.84 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.58 and a beta of 0.60. Carter’s, Inc. has a 52 week low of $75.66 and a 52 week high of $124.08. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.67 and a quick ratio of 1.49.

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Carter’s 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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