Ladenburg Thalmann Financial Services Inc. raised its stake in Carter's, Inc. (NYSE:CRI) by 39.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,391 shares of the textile maker’s stock after purchasing an additional 3,500 shares during the quarter. Ladenburg Thalmann Financial Services Inc.’s holdings in Carter's were worth $1,223,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of CRI. Advisory Services Network LLC acquired a new stake in shares of Carter's in the second quarter valued at approximately $125,000. Mountain Capital Investment Advisors Inc acquired a new stake in Carter's during the 2nd quarter worth approximately $128,000. Invictus RG acquired a new stake in Carter's during the 3rd quarter worth approximately $146,000. PNC Financial Services Group Inc. lifted its holdings in Carter's by 2.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,704 shares of the textile maker’s stock worth $151,000 after purchasing an additional 35 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Carter's by 7.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,751 shares of the textile maker’s stock worth $156,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 98.67% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research cut Carter's from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $123.00 price objective (up from $105.00) on shares of Carter's in a report on Thursday. SunTrust Banks began coverage on Carter's in a report on Wednesday, December 27th. They issued a “hold” rating and a $126.00 price objective for the company. Oppenheimer lifted their price objective on Carter's from $112.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, December 18th. Finally, B. Riley lifted their price objective on Carter's from $111.00 to $124.00 and gave the company a “buy” rating in a report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. Carter's currently has an average rating of “Buy” and an average target price of $111.86.
Shares of Carter's, Inc. (CRI) traded up $0.77 during mid-day trading on Thursday, reaching $118.35. The company had a trading volume of 824,655 shares, compared to its average volume of 555,169. The company has a market cap of $5,590.00, a price-to-earnings ratio of 22.80, a P/E/G ratio of 2.08 and a beta of 0.37. Carter's, Inc. has a twelve month low of $77.94 and a twelve month high of $119.26. 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 released its quarterly earnings results on Thursday, October 26th. The textile maker reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.05. Carter's had a return on equity of 33.38% and a net margin of 7.69%. The firm had revenue of $948.23 million for the quarter, compared to analyst estimates of $950.64 million. During the same quarter in the previous year, the company posted $1.61 EPS. The business’s revenue was up 5.2% on a year-over-year basis. sell-side analysts anticipate that Carter's, Inc. will post 5.64 earnings per share for the current fiscal year.
In other news, CFO Richard F. Westenberger sold 5,000 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $105.02, for a total value of $525,100.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Greg Foglesong sold 6,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $117.98, for a total value of $707,880.00. The disclosure for this sale can be found here. Insiders sold a total of 130,507 shares of company stock worth $13,569,276 in the last quarter. Corporate insiders own 3.10% of the company’s stock.
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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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