Rhumbline Advisers increased its stake in Carter's, Inc. (NYSE:CRI) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,540 shares of the textile maker’s stock after acquiring an additional 11,836 shares during the period. Rhumbline Advisers owned about 0.23% of Carter's worth $10,521,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new position in Carter's during the 2nd quarter valued at approximately $125,000. Mountain Capital Investment Advisors Inc bought a new position in Carter's during the 2nd quarter valued at approximately $128,000. PNC Financial Services Group Inc. raised its position in Carter's by 2.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock valued at $151,000 after purchasing an additional 35 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Carter's by 7.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock valued at $156,000 after purchasing an additional 124 shares during the last quarter. Finally, Round Table Services LLC bought a new position in Carter's during the 3rd quarter valued at approximately $206,000. 98.35% of the stock is owned by institutional investors.
Carter's, Inc. (NYSE:CRI) opened at $106.90 on Friday. Carter's, Inc. has a twelve month low of $77.94 and a twelve month high of $107.65. The company has a current ratio of 3.20, a quick ratio of 1.34 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $5,058.83, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 2.09 and a beta of 0.33.
Carter's (NYSE:CRI) last posted its earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. Carter's had a return on equity of 33.38% and a net margin of 7.69%. The firm had revenue of $948.23 million for the quarter, compared to the consensus estimate of $950.64 million. During the same quarter in the prior year, the business earned $1.61 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. sell-side analysts expect that Carter's, Inc. will post 5.63 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 20th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 17th. This represents a $1.48 annualized dividend and a dividend yield of 1.38%. Carter's’s payout ratio is currently 28.46%.
A number of research firms have commented on CRI. B. Riley reaffirmed a “buy” rating on shares of Carter's in a research report on Wednesday, November 1st. BidaskClub downgraded Carter's from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded Carter's from a “hold” rating to a “buy” rating and set a $107.00 target price on the stock in a report on Tuesday, September 26th. Bank of America Corporation started coverage on Carter's in a report on Friday, September 15th. They set a “buy” rating and a $106.00 target price on the stock. Finally, FBR & Co reiterated a “buy” rating and set a $111.00 target price on shares of Carter's in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $105.27.
In related news, Director Paul Fulton sold 8,643 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $87.58, for a total value of $756,953.94. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard F. Westenberger sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $105.02, for a total value of $525,100.00. The disclosure for this sale can be found here. Insiders sold a total of 103,627 shares of company stock worth $10,459,353 in the last 90 days. 3.10% of the stock is currently owned by company insiders.
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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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