Carter’s, Inc. (CRI) Holdings Lifted by Northern Trust Corp

Northern Trust Corp grew its stake in shares of Carter’s, Inc. (NYSE:CRI) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 479,805 shares of the textile maker’s stock after purchasing an additional 22,799 shares during the quarter. Northern Trust Corp owned about 1.00% of Carter’s worth $42,679,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Lazard Asset Management LLC increased its position in shares of Carter’s by 1,428.4% during the 2nd quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock worth $203,638,000 after purchasing an additional 2,139,567 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Carter’s by 137.8% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 539,046 shares of the textile maker’s stock worth $47,948,000 after purchasing an additional 312,412 shares during the last quarter. Legal & General Group Plc increased its position in shares of Carter’s by 30.8% during the 2nd quarter. Legal & General Group Plc now owns 44,331 shares of the textile maker’s stock worth $3,943,000 after purchasing an additional 10,430 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Carter’s during the 1st quarter worth approximately $1,842,000. Finally, First Trust Advisors LP increased its position in shares of Carter’s by 77.6% during the 2nd quarter. First Trust Advisors LP now owns 61,179 shares of the textile maker’s stock worth $5,442,000 after purchasing an additional 26,723 shares during the last quarter. 97.10% of the stock is currently owned by hedge funds and other institutional investors.

Carter’s, Inc. (CRI) opened at 95.21 on Wednesday. Carter’s, Inc. has a 52 week low of $77.94 and a 52 week high of $99.75. The stock’s 50 day moving average price is $92.16 and its 200 day moving average price is $88.96. The company has a market capitalization of $4.55 billion, a P/E ratio of 18.67 and a beta of 0.34.

Carter’s (NYSE:CRI) last issued its quarterly earnings results on Thursday, July 27th. The textile maker reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.09. The company had revenue of $692.10 million during the quarter, compared to the consensus estimate of $681.08 million. Carter’s had a return on equity of 33.18% and a net margin of 7.74%. Carter’s’s revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.72 earnings per share. Analysts anticipate that Carter’s, Inc. will post $5.61 earnings per share for the current year.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Carter’s from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Tuesday, September 26th. Bank of America Corporation assumed coverage on Carter’s in a research note on Friday, September 15th. They set a “buy” rating and a $106.00 target price for the company. Goldman Sachs Group, Inc. (The) assumed coverage on Carter’s in a research note on Tuesday, September 5th. They set a “buy” rating and a $105.00 target price for the company. Macquarie assumed coverage on Carter’s in a research note on Tuesday, August 29th. They set an “outperform” rating and a $110.00 target price for the company. Finally, BidaskClub downgraded Carter’s from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. Carter’s presently has a consensus rating of “Buy” and a consensus price target of $103.45.

TRADEMARK VIOLATION WARNING: This story was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://stocknewstimes.com/2017/10/11/carters-inc-cri-holdings-lifted-by-northern-trust-corp.html.

In other Carter’s news, Director Paul Fulton sold 8,643 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $87.58, for a total transaction of $756,953.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,581,125.00. The disclosure for this sale can be found here. Company insiders own 3.10% of the company’s stock.

Carter’s 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.

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

Receive News & Ratings for Carter's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply