Carter’s, Inc. (CRI) Position Boosted by Aperio Group LLC

Aperio Group LLC boosted its stake in Carter’s, Inc. (NYSE:CRI) by 30.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,939 shares of the textile maker’s stock after buying an additional 2,581 shares during the period. Aperio Group LLC’s holdings in Carter’s were worth $1,080,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC grew its position in Carter’s by 1,428.4% in the 2nd quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock valued at $203,638,000 after buying an additional 2,139,567 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in Carter’s by 137.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 539,046 shares of the textile maker’s stock valued at $47,948,000 after buying an additional 312,412 shares in the last quarter. Legal & General Group Plc grew its position in Carter’s by 30.8% in the 2nd quarter. Legal & General Group Plc now owns 44,331 shares of the textile maker’s stock valued at $3,943,000 after buying an additional 10,430 shares in the last quarter. First Trust Advisors LP grew its position in Carter’s by 77.6% in the 2nd quarter. First Trust Advisors LP now owns 61,179 shares of the textile maker’s stock valued at $5,442,000 after buying an additional 26,723 shares in the last quarter. Finally, Stevens Capital Management LP grew its position in Carter’s by 5.7% in the 2nd quarter. Stevens Capital Management LP now owns 75,281 shares of the textile maker’s stock valued at $6,696,000 after buying an additional 4,030 shares in the last quarter. Hedge funds and other institutional investors own 96.17% of the company’s stock.

Shares of Carter’s, Inc. (CRI) opened at $105.07 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.34 and a current ratio of 3.20. Carter’s, Inc. has a 52 week low of $77.94 and a 52 week high of $106.67. The company has a market cap of $4,972.23, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.05 and a beta of 0.33.

Carter’s (NYSE:CRI) last posted its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Carter’s had a net margin of 7.69% and a return on equity of 33.38%. The company had revenue of $948.23 million during the quarter, compared to analyst estimates of $950.64 million. During the same period in the prior year, the firm earned $1.61 earnings per share. The business’s quarterly revenue was up 5.2% on a year-over-year basis. equities research analysts predict that Carter’s, Inc. will post 5.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 20th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Friday, November 17th. Carter’s’s dividend payout ratio is presently 28.46%.

In other Carter’s news, Chairman Michael Dennis Casey sold 26,524 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $99.14, for a total transaction of $2,629,589.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Fulton sold 10,412 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $100.70, for a total transaction of $1,048,488.40. The disclosure for this sale can be found here. Insiders have sold 72,103 shares of company stock valued at $7,120,587 over the last ninety days. Insiders own 3.10% of the company’s stock.

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A number of equities analysts recently issued reports on CRI shares. Cowen and Company set a $92.00 target price on shares of Carter’s and gave the company a “hold” rating in a research report on Thursday, July 27th. BidaskClub lowered shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Macquarie assumed coverage on shares of Carter’s in a research report on Tuesday, August 29th. They set an “outperform” rating and a $110.00 price objective for the company. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Carter’s in a research report on Tuesday, September 5th. They set a “buy” rating and a $105.00 price objective for the company. Finally, Bank of America Corporation assumed coverage on shares of Carter’s in a research report on Friday, September 15th. They set a “buy” rating and a $106.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $105.27.

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

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