Mutual of America Capital Management LLC decreased its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 2.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,845 shares of the textile maker’s stock after selling 1,073 shares during the quarter. Mutual of America Capital Management LLC owned 0.08% of Carter’s worth $3,836,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lazard Asset Management LLC grew its stake in shares of Carter’s by 1,428.4% during the second quarter. Lazard Asset Management LLC now owns 2,289,358 shares of the textile maker’s stock valued at $203,638,000 after buying an additional 2,139,567 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Carter’s by 137.8% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 539,046 shares of the textile maker’s stock valued at $47,948,000 after purchasing an additional 312,412 shares during the period. Legal & General Group Plc boosted its holdings in shares of Carter’s by 30.8% in the second quarter. Legal & General Group Plc now owns 44,331 shares of the textile maker’s stock valued at $3,943,000 after purchasing an additional 10,430 shares during the period. First Trust Advisors LP boosted its holdings in shares of Carter’s by 77.6% in the second quarter. First Trust Advisors LP now owns 61,179 shares of the textile maker’s stock valued at $5,442,000 after purchasing an additional 26,723 shares during the period. Finally, Stevens Capital Management LP boosted its holdings in shares of Carter’s by 5.7% in the second quarter. Stevens Capital Management LP now owns 75,281 shares of the textile maker’s stock valued at $6,696,000 after purchasing an additional 4,030 shares during the period. 98.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Carter’s, Inc. (CRI) traded up $0.39 during trading on Friday, reaching $101.21. 968,900 shares of the company were exchanged, compared to its average volume of 720,666. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.20 and a quick ratio of 1.34. Carter’s, Inc. has a 1 year low of $77.94 and a 1 year high of $102.87. The stock has a market cap of $4,771.14, a price-to-earnings ratio of 19.20, a PEG ratio of 1.97 and a beta of 0.33.
Carter’s (NYSE:CRI) last released its earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.05. The business 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%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period last year, the company posted $1.61 EPS. equities analysts anticipate that Carter’s, Inc. will post 5.64 EPS for the current fiscal year.
The company also recently declared 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. The ex-dividend date is Friday, November 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.46%. Carter’s’s dividend payout ratio is currently 28.46%.
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In related news, Chairman Michael Dennis Casey sold 26,524 shares of Carter’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $99.14, for a total value of $2,629,589.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Fulton sold 8,643 shares of Carter’s stock in a transaction that occurred on 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. 3.10% of the stock is owned by company insiders.
A number of brokerages recently issued reports on CRI. B. Riley reiterated a “buy” rating on shares of Carter’s in a report on Wednesday, November 1st. Citigroup Inc. upped their target price on Carter’s from $108.00 to $112.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Zacks Investment Research upgraded Carter’s from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Monday, October 30th. Oppenheimer Holdings, Inc. set a $112.00 price objective on Carter’s and gave the company a “buy” rating in a report on Thursday, October 26th. Finally, FBR & Co reiterated a “buy” rating and set a $111.00 price objective 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’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $104.09.
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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