World Asset Management Inc boosted its position in shares of Carter’s, Inc. (NYSE:CRI) by 6.7% during the second quarter, according to its most recent filing with the SEC. The firm owned 3,708 shares of the textile maker’s stock after buying an additional 233 shares during the period. World Asset Management Inc’s holdings in Carter’s were worth $330,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of CRI. IFP Advisors Inc boosted its stake in shares of Carter’s by 2.7% in the first quarter. IFP Advisors Inc now owns 1,155 shares of the textile maker’s stock worth $104,000 after buying an additional 30 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Carter’s during the second quarter worth about $118,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Carter’s by 100.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,392 shares of the textile maker’s stock worth $125,000 after buying an additional 696 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Carter’s during the first quarter worth about $158,000. Finally, WFG Advisors LP boosted its stake in shares of Carter’s by 7.2% in the first quarter. WFG Advisors LP now owns 2,010 shares of the textile maker’s stock worth $180,000 after buying an additional 135 shares during the last quarter. 99.88% of the stock is currently owned by institutional investors.
Carter’s, Inc. (CRI) opened at 86.86 on Tuesday. The company has a market capitalization of $4.15 billion, a PE ratio of 17.03 and a beta of 0.32. Carter’s, Inc. has a 12-month low of $77.94 and a 12-month high of $101.82. The firm has a 50-day moving average of $87.89 and a 200 day moving average of $87.39.
Carter’s (NYSE:CRI) last released its earnings results on Thursday, July 27th. The textile maker reported $0.79 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.09. The firm had revenue of $692.10 million for the quarter, compared to analysts’ expectations of $681.08 million. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 earnings per share. Analysts forecast that Carter’s, Inc. will post $5.61 EPS for the current fiscal year.
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A number of brokerages have recently issued reports on CRI. Zacks Investment Research raised shares of Carter’s from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a report on Friday, April 28th. Oppenheimer Holdings, Inc. set a $105.00 target price on shares of Carter’s and gave the company a “buy” rating in a report on Wednesday, June 14th. BidaskClub cut shares of Carter’s from a “hold” rating to a “sell” rating in a report on Monday. Cowen and Company set a $92.00 target price on shares of Carter’s and gave the company a “hold” rating in a report on Thursday, July 27th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Carter’s in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Carter’s has an average rating of “Hold” and a consensus target price of $100.40.
In other Carter’s news, Director Thomas E. Whiddon sold 17,500 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $90.35, for a total value of $1,581,125.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Pulver bought 1,000 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was bought at an average price of $80.10 per share, for a total transaction of $80,100.00. Following the completion of the purchase, the director now owns 54,331 shares of the company’s stock, valued at $4,351,913.10. The disclosure for this purchase can be found here. 3.10% of the stock is owned by insiders.
About Carter’s
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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