Boston Advisors LLC Buys Shares of 2,120 Carter’s, Inc. (CRI)

Boston Advisors LLC bought a new stake in Carter’s, Inc. (NYSE:CRI) during the third quarter, according to its most recent filing with the SEC. The firm bought 2,120 shares of the textile maker’s stock, valued at approximately $209,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. grew its position in Carter’s by 10,013.9% in the 1st quarter. BlackRock Inc. now owns 4,038,573 shares of the textile maker’s stock worth $362,664,000 after purchasing an additional 3,998,642 shares during the last quarter. Janus Henderson Group PLC grew 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 worth $302,418,000 after purchasing an additional 3,141,568 shares during the last quarter. 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 worth $203,638,000 after purchasing an additional 2,139,567 shares during 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 worth $47,948,000 after purchasing an additional 312,412 shares during the last quarter. Finally, Chilton Investment Co. LLC acquired a new stake in Carter’s in the 2nd quarter worth $22,229,000. Institutional investors and hedge funds own 97.33% of the company’s stock.

In related news, Director Thomas E. Whiddon sold 17,500 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $90.35, for a total value of $1,581,125.00. The transaction was disclosed in a filing with the SEC, which is available 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. Corporate insiders own 3.10% of the company’s stock.

Carter’s (NYSE:CRI) last released its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.65 by $0.05. Carter’s had a net margin of 7.69% and a return on equity of 33.38%. The business had revenue of $948.23 million for the quarter, compared to the consensus estimate of $950.64 million. During the same period in the prior year, the company posted $1.61 earnings per share. Carter’s’s revenue was up 5.2% compared to the same quarter last year.

Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of Carter’s from a “buy” rating to a “hold” rating in a research report on Tuesday. Citigroup Inc. raised 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. FBR & Co restated a “buy” rating and issued a $111.00 price target on shares of Carter’s in a research report on Thursday, October 26th. Finally, Cowen and Company set a $92.00 price target on shares of Carter’s and gave the stock a “hold” rating in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $104.09.

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Carter’s 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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