Deprince Race & Zollo Inc. bought a new position in shares of Carter's, Inc. (NYSE:CRI) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 20,570 shares of the textile maker’s stock, valued at approximately $2,031,000.
A number of other hedge funds have also recently added to or reduced their stakes in CRI. Dimensional Fund Advisors LP increased its holdings in Carter's by 5.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 345,278 shares of the textile maker’s stock worth $31,006,000 after purchasing an additional 18,975 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Carter's during the 2nd quarter worth about $118,000. Oregon Public Employees Retirement Fund increased its holdings in Carter's by 4.2% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,820 shares of the textile maker’s stock worth $1,674,000 after purchasing an additional 760 shares in the last quarter. LS Investment Advisors LLC increased its holdings in Carter's by 18.1% during the 2nd quarter. LS Investment Advisors LLC now owns 3,887 shares of the textile maker’s stock worth $346,000 after purchasing an additional 596 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its holdings in Carter's by 2.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 12,600 shares of the textile maker’s stock worth $1,121,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 98.70% of the company’s stock.
Shares of Carter's, Inc. (CRI) traded up $0.81 during trading hours on Monday, reaching $108.87. 935,481 shares of the company traded hands, compared to its average volume of 718,226. Carter's, Inc. has a twelve month low of $77.94 and a twelve month high of $111.51. The firm has a market cap of $5,113.76, a P/E ratio of 20.58, a P/E/G ratio of 2.11 and a beta of 0.37. 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 (NYSE:CRI) last issued its earnings results on Thursday, October 26th. The textile maker reported $1.70 earnings per share (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 during the quarter, compared to the consensus estimate of $950.64 million. During the same period last year, the business posted $1.61 EPS. Carter's’s revenue was up 5.2% on a year-over-year basis. equities research analysts anticipate that Carter's, Inc. will post 5.63 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 20th were paid a $0.37 dividend. The ex-dividend date was Friday, November 17th. This represents a $1.48 annualized dividend and a yield of 1.36%. Carter's’s dividend payout ratio (DPR) is currently 28.46%.
CRI has been the subject of a number of recent research reports. Cowen set a $92.00 price objective on shares of Carter's and gave the stock a “hold” rating in a research note on Monday, October 23rd. Goldman Sachs Group initiated coverage on shares of Carter's in a research note on Tuesday, September 5th. They set a “buy” rating and a $105.00 price objective for the company. Zacks Investment Research downgraded shares of Carter's from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Bank of America initiated coverage on shares of Carter's in a research note on Friday, September 15th. They set a “buy” rating and a $106.00 price objective for the company. Finally, Oppenheimer set a $112.00 price objective on shares of Carter's and gave the stock a “buy” rating in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $105.27.
In related news, Director Paul Fulton sold 10,412 shares of the firm’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $100.70, for a total value of $1,048,488.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Michael Dennis Casey sold 26,524 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were 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 sold a total of 121,507 shares of company stock valued at $12,536,646 over the last quarter. 3.10% of the stock is currently owned by company insiders.
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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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