Congress Asset Management Co. MA grew its position in Carter's, Inc. (NYSE:CRI) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 822,246 shares of the textile maker’s stock after purchasing an additional 19,644 shares during the period. Carter's comprises about 1.4% of Congress Asset Management Co. MA’s portfolio, making the stock its 7th largest position. Congress Asset Management Co. MA owned about 1.74% of Carter's worth $96,606,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in Carter's by 0.3% in the third quarter. Janus Henderson Group PLC now owns 3,411,220 shares of the textile maker’s stock valued at $336,858,000 after acquiring an additional 11,350 shares in the last quarter. State Street Corp boosted its position in shares of Carter's by 1.7% during the second quarter. State Street Corp now owns 1,321,596 shares of the textile maker’s stock worth $117,556,000 after buying an additional 22,158 shares during the period. Mackenzie Financial Corp boosted its position in shares of Carter's by 11.6% during the third quarter. Mackenzie Financial Corp now owns 789,959 shares of the textile maker’s stock worth $78,008,000 after buying an additional 82,386 shares during the period. APG Asset Management N.V. boosted its position in shares of Carter's by 194.4% during the fourth quarter. APG Asset Management N.V. now owns 640,948 shares of the textile maker’s stock worth $62,712,000 after buying an additional 423,200 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Carter's by 5.0% during the second quarter. Northern Trust Corp now owns 479,805 shares of the textile maker’s stock worth $42,679,000 after buying an additional 22,799 shares during the period. Institutional investors own 98.67% of the company’s stock.
Several equities research analysts recently commented on the company. B. Riley reissued a “buy” rating on shares of Carter's in a report on Wednesday, November 1st. Zacks Investment Research cut shares of Carter's from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo & Co upgraded shares of Carter's from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 25th. Oppenheimer lifted their price objective on shares of Carter's from $112.00 to $125.00 and gave the stock an “outperform” rating in a research note on Monday, December 18th. Finally, FBR & Co restated a “buy” rating and issued a $111.00 target price on shares of Carter's in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Carter's presently has an average rating of “Buy” and a consensus price target of $112.69.
In related news, EVP Julie D’emilio sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $108.25, for a total transaction of $324,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Greg Foglesong sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $117.98, for a total transaction of $707,880.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,047 shares of company stock valued at $7,205,644. 3.10% of the stock is owned by corporate insiders.
Shares of Carter's, Inc. (CRI) traded up $1.54 during trading hours on Wednesday, hitting $121.15. 270,039 shares of the stock traded hands, compared to its average volume of 622,210. The firm has a market cap of $5,627.69, a PE ratio of 23.25, a PEG ratio of 1.80 and a beta of 0.32. 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 one year low of $79.76 and a one year high of $129.00.
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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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