Unigestion Holding SA increased its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 9.4% in the third quarter, HoldingsChannel.com reports. The firm owned 59,090 shares of the textile maker’s stock after buying an additional 5,090 shares during the period. Unigestion Holding SA’s holdings in Carter’s were worth $5,826,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of CRI. Victory Capital Management Inc. grew its holdings in Carter’s by 6,653.4% during the third quarter. Victory Capital Management Inc. now owns 2,186,404 shares of the textile maker’s stock worth $215,579,000 after purchasing an additional 2,154,029 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in Carter’s during the second quarter worth about $54,012,000. Marshall Wace LLP bought a new position in Carter’s during the second quarter worth about $22,183,000. Wells Fargo & Company MN grew its holdings in Carter’s by 79.8% during the third quarter. Wells Fargo & Company MN now owns 432,626 shares of the textile maker’s stock worth $42,657,000 after purchasing an additional 192,070 shares during the period. Finally, Locust Wood Capital Advisers LLC bought a new position in Carter’s during the third quarter worth about $13,980,000. Institutional investors and hedge funds own 94.81% of the company’s stock.
Shares of CRI stock opened at $93.51 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.67 and a quick ratio of 1.49. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 1.96 and a beta of 0.57. Carter’s, Inc. has a 12-month low of $88.98 and a 12-month high of $129.00.
Carter’s (NYSE:CRI) last issued its quarterly earnings data on Thursday, October 25th. The textile maker reported $1.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.12). The company had revenue of $923.91 million for the quarter, compared to analyst estimates of $940.87 million. Carter’s had a return on equity of 33.05% and a net margin of 8.44%. On average, sell-side analysts anticipate that Carter’s, Inc. will post 6.04 EPS for the current fiscal year.
In other news, SVP Jill Wilson sold 2,835 shares of Carter’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $96.27, for a total value of $272,925.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jevin Eagle sold 5,000 shares of Carter’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $109.10, for a total transaction of $545,500.00. Following the completion of the sale, the director now owns 6,297 shares of the company’s stock, valued at $687,002.70. The disclosure for this sale can be found here. Insiders have sold 57,835 shares of company stock valued at $5,643,925 over the last 90 days. Company insiders own 3.30% of the company’s stock.
CRI has been the subject of a number of research analyst reports. B. Riley initiated coverage on Carter’s in a report on Tuesday, October 30th. They set a “market perform” rating and a $104.00 price target for the company. Zacks Investment Research downgraded shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Cowen restated a “hold” rating and set a $104.00 price objective on shares of Carter’s in a research report on Friday, July 27th. Monness Crespi & Hardt cut their price objective on shares of Carter’s from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Finally, Macquarie set a $100.00 price objective on shares of Carter’s and gave the stock a “buy” rating in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $113.30.
Carter’s Company Profile
Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.
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