Public Employees Retirement Association of Colorado reduced its stake in shares of Carter’s, Inc. (NYSE:CRI) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,372 shares of the textile maker’s stock after selling 84 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.40% of Carter’s worth $17,200,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Carter’s by 10,013.9% in the first quarter. BlackRock Inc. now owns 4,038,573 shares of the textile maker’s stock valued at $362,664,000 after buying an additional 3,998,642 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Carter’s by 90.3% in the first quarter. Wellington Management Group LLP now owns 1,254,634 shares of the textile maker’s stock valued at $112,665,000 after buying an additional 595,327 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Carter’s during the first quarter valued at $30,460,000. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Carter’s during the first quarter valued at $27,853,000. Finally, SRS Investment Management LLC increased its stake in shares of Carter’s by 28.3% in the first quarter. SRS Investment Management LLC now owns 1,376,173 shares of the textile maker’s stock valued at $123,580,000 after buying an additional 303,696 shares in the last quarter. Hedge funds and other institutional investors own 98.59% of the company’s stock.
Carter’s, Inc. (CRI) traded down 0.57% on Friday, hitting $86.81. 427,499 shares of the company were exchanged. The stock has a 50 day moving average price of $87.92 and a 200 day moving average price of $87.36. Carter’s, Inc. has a one year low of $77.94 and a one year high of $103.32. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 17.02 and a beta of 0.32.
Carter’s (NYSE:CRI) last issued its earnings results on Thursday, July 27th. The textile maker reported $0.79 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.09. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. The firm had revenue of $692.10 million during the quarter, compared to the consensus estimate of $681.08 million. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. On average, equities research analysts forecast that Carter’s, Inc. will post $5.61 EPS for the current fiscal year.
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Several brokerages have recently commented on CRI. BidaskClub cut shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Oppenheimer Holdings, Inc. set a $105.00 price target on shares of Carter’s and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Stifel Nicolaus increased their price target on shares of Carter’s from $80.00 to $84.00 and gave the stock a “hold” rating in a research report on Thursday, April 27th. FBR & Co set a $111.00 target price on shares of Carter’s and gave the stock a “buy” rating in a report on Friday, June 16th. Finally, CL King reissued a “hold” rating on shares of Carter’s in a report on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Carter’s currently has an average rating of “Hold” and an average price target of $100.40.
In related news, Director Thomas E. Whiddon sold 17,500 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $90.35, for a total transaction of $1,581,125.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David Pulver bought 1,000 shares of Carter’s stock in a transaction that occurred on Wednesday, May 24th. The shares were acquired at an average price of $80.10 per share, with a total value of $80,100.00. Following the acquisition, the director now directly owns 54,331 shares of the company’s stock, valued at approximately $4,351,913.10. The disclosure for this purchase can be found here. 3.10% of the stock is owned by corporate 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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