Bahl & Gaynor Inc. Has $935,000 Holdings in Carter’s, Inc. (CRI)

Bahl & Gaynor Inc. lessened its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 2.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 10,823 shares of the textile maker’s stock after selling 277 shares during the period. Bahl & Gaynor Inc.’s holdings in Carter’s were worth $935,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nationwide Fund Advisors grew its holdings in Carter’s by 1.7% during the 2nd quarter. Nationwide Fund Advisors now owns 310,301 shares of the textile maker’s stock worth $27,601,000 after acquiring an additional 5,301 shares during the period. Ameriprise Financial Inc. grew its holdings in Carter’s by 85.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 364,776 shares of the textile maker’s stock worth $32,445,000 after acquiring an additional 168,305 shares during the period. Riverhead Capital Management LLC grew its holdings in Carter’s by 85.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,962 shares of the textile maker’s stock worth $263,000 after acquiring an additional 1,362 shares during the period. Old Mutual Global Investors UK Ltd. grew its holdings in Carter’s by 64.6% during the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 510,645 shares of the textile maker’s stock worth $45,421,000 after acquiring an additional 200,468 shares during the period. Finally, LSV Asset Management acquired a new stake in Carter’s during the 2nd quarter worth $4,682,000. 97.27% of the stock is owned by hedge funds and other institutional investors.

In other 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

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Carter’s, Inc. (NYSE CRI) opened at 92.47 on Friday. Carter’s, Inc. has a one year low of $77.94 and a one year high of $98.88. The stock has a 50 day moving average of $88.22 and a 200 day moving average of $88.11. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 18.13 and a beta of 0.30.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, July 27th. The textile maker reported $0.79 earnings per share for the quarter, topping 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 company had revenue of $692.10 million during the quarter, compared to analysts’ expectations of $681.08 million. During the same period in the prior year, the company posted $0.72 earnings per share. Carter’s’s revenue for the quarter was up 8.2% compared to the same quarter last year. Equities research analysts predict that Carter’s, Inc. will post $5.61 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, August 29th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.60%. The ex-dividend date was Friday, August 25th. Carter’s’s dividend payout ratio (DPR) is presently 29.08%.

A number of analysts have commented on CRI shares. Bank of America Corporation started coverage on shares of Carter’s in a report on Friday. They set a “buy” rating and a $106.00 target price for the company. Goldman Sachs Group, Inc. (The) started coverage on shares of Carter’s in a report on Tuesday, September 5th. They set a “buy” rating and a $105.00 target price for the company. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Carter’s in a report on Wednesday, June 21st. 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, Cowen and Company set a $92.00 target price on shares of Carter’s and gave the stock a “hold” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $101.92.

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.

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

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