FDx Advisors Inc. boosted its stake in Carter’s, Inc. (NYSE:CRI) by 34.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,312 shares of the textile maker’s stock after acquiring an additional 2,653 shares during the quarter. FDx Advisors Inc.’s holdings in Carter’s were worth $1,018,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of CRI. Janus Henderson Group PLC lifted its position in Carter’s by 1,216.2% in the 2nd quarter. Janus Henderson Group PLC now owns 3,399,870 shares of the textile maker’s stock valued at $302,418,000 after acquiring an additional 3,141,568 shares in the last quarter. Lazard Asset Management LLC lifted its position in 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 buying an additional 2,139,567 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its position in 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 buying an additional 312,412 shares in the last quarter. Chilton Investment Co. LLC bought a new stake in Carter’s during the 2nd quarter worth about $22,229,000. Finally, Old Mutual Global Investors UK Ltd. lifted its position 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 buying an additional 200,468 shares in the last quarter. 96.17% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have commented on CRI. B. Riley reissued a “buy” rating on shares of Carter’s in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of Carter’s from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Citigroup Inc. boosted their price target on shares of Carter’s from $108.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. Oppenheimer Holdings, Inc. set a $112.00 price target on shares of Carter’s and gave the stock a “buy” rating in a research report on Thursday, October 26th. Finally, FBR & Co reissued a “buy” rating and set a $111.00 price target on shares of Carter’s in a research report on Thursday, October 26th. One investment 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. Carter’s currently has an average rating of “Buy” and an average target price of $104.09.
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Carter’s (NYSE:CRI) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.05. The company had revenue of $948.23 million for the quarter, compared to analyst estimates of $950.64 million. Carter’s had a net margin of 7.69% and a return on equity of 33.38%. Carter’s’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.61 EPS. research analysts predict that Carter’s, Inc. will post 5.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, November 17th. This represents a $1.48 annualized dividend and a dividend yield of 1.42%. Carter’s’s dividend payout ratio is presently 28.46%.
In related news, Chairman Michael Dennis Casey sold 26,524 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $101.25, for a total value of $2,685,555.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul Fulton sold 8,643 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were 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. Insiders have sold a total of 72,103 shares of company stock worth $7,120,587 over the last 90 days. 3.10% of the stock is owned by company insiders.
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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