State Board of Administration of Florida Retirement System lifted its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,878 shares of the textile maker’s stock after purchasing an additional 980 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.15% of Carter’s worth $7,098,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Boston Financial Mangement LLC increased its stake in shares of Carter’s by 1.4% during the 3rd quarter. Boston Financial Mangement LLC now owns 152,259 shares of the textile maker’s stock worth $15,036,000 after purchasing an additional 2,130 shares during the last quarter. Hallmark Capital Management Inc. boosted its holdings in shares of Carter’s by 2.1% during the 3rd quarter. Hallmark Capital Management Inc. now owns 152,573 shares of the textile maker’s stock worth $15,067,000 after buying an additional 3,105 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Carter’s during the 3rd quarter worth $505,000. Aperio Group LLC boosted its holdings in shares of Carter’s by 30.9% during the 3rd quarter. Aperio Group LLC now owns 10,939 shares of the textile maker’s stock worth $1,080,000 after buying an additional 2,581 shares during the period. Finally, Boston Advisors LLC bought a new stake in shares of Carter’s during the 3rd quarter worth $209,000. Institutional investors own 96.17% of the company’s stock.
In other news, Director Paul Fulton sold 8,643 shares of the firm’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Michael Dennis Casey sold 26,524 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $99.14, for a total transaction of $2,629,589.36. The disclosure for this sale can be found here. Insiders have sold a total of 45,579 shares of company stock valued at $4,435,032 over the last ninety days. 3.10% of the stock is owned by insiders.
Shares of Carter’s, Inc. (NYSE:CRI) opened at $101.90 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 3.20 and a debt-to-equity ratio of 0.89. Carter’s, Inc. has a 1-year low of $77.94 and a 1-year high of $102.87. The firm has a market cap of $4,789.59, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 1.98 and a beta of 0.33.
Carter’s (NYSE:CRI) last released its quarterly earnings data on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. The company had revenue of $948.23 million during the quarter, compared to the consensus estimate of $950.64 million. Carter’s had a net margin of 7.69% and a return on equity of 33.38%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $1.61 EPS. equities research analysts predict that Carter’s, Inc. will post 5.64 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Monday, November 20th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Friday, November 17th. Carter’s’s payout ratio is 28.46%.
Several analysts recently issued reports on the stock. B. Riley reaffirmed a “buy” rating on shares of Carter’s in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Carter’s from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Citigroup Inc. upped their price objective on shares of Carter’s from $108.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Oppenheimer Holdings, Inc. set a $112.00 price objective on shares of Carter’s and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, FBR & Co reaffirmed a “buy” rating and set a $111.00 price objective on shares of Carter’s in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $104.09.
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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