Vident Investment Advisory LLC boosted its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 20.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 12,578 shares of the textile maker’s stock after purchasing an additional 2,177 shares during the period. Vident Investment Advisory LLC’s holdings in Carter’s were worth $1,363,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Carter’s by 5.3% in the 1st quarter. BlackRock Inc. now owns 4,182,384 shares of the textile maker’s stock valued at $435,384,000 after purchasing an additional 209,875 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Carter’s in the 2nd quarter valued at about $54,012,000. Silvercrest Asset Management Group LLC raised its stake in shares of Carter’s by 1.8% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 480,291 shares of the textile maker’s stock valued at $49,998,000 after purchasing an additional 8,306 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Carter’s by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 456,973 shares of the textile maker’s stock valued at $49,536,000 after purchasing an additional 6,161 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Carter’s by 8.0% in the 1st quarter. Russell Investments Group Ltd. now owns 330,411 shares of the textile maker’s stock valued at $34,387,000 after purchasing an additional 24,412 shares during the period. Hedge funds and other institutional investors own 95.95% of the company’s stock.
In related news, Director Jevin Eagle sold 5,000 shares of Carter’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $109.10, for a total value of $545,500.00. Following the sale, the director now owns 6,297 shares of the company’s stock, valued at $687,002.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David Pulver bought 7,500 shares of the stock in a transaction that occurred on Thursday, September 6th. The stock was bought at an average cost of $98.55 per share, for a total transaction of $739,125.00. Following the transaction, the director now owns 63,517 shares of the company’s stock, valued at approximately $6,259,600.35. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 13,000 shares of company stock worth $1,309,110. 3.30% of the stock is owned by company insiders.
NYSE:CRI opened at $93.44 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.24 and a current ratio of 3.36. The stock has a market capitalization of $4.54 billion, a P/E ratio of 16.22, a P/E/G ratio of 1.62 and a beta of 0.49. Carter’s, Inc. has a 52-week low of $91.38 and a 52-week high of $129.00.
Carter’s (NYSE:CRI) last released its earnings results on Thursday, July 26th. The textile maker reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.22. The business had revenue of $696.20 million for the quarter, compared to the consensus estimate of $684.04 million. Carter’s had a return on equity of 34.29% and a net margin of 8.69%. Carter’s’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 earnings per share. analysts anticipate that Carter’s, Inc. will post 6.45 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 7th. Investors of record on Monday, August 27th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date was Friday, August 24th. Carter’s’s dividend payout ratio is currently 31.25%.
Several research firms have issued reports on CRI. UBS Group began coverage on Carter’s in a research note on Thursday, June 21st. They issued a “neutral” rating and a $114.00 price target on the stock. ValuEngine raised Carter’s from a “hold” rating to a “buy” rating in a research note on Saturday, July 14th. Cowen reissued a “hold” rating and issued a $104.00 price target on shares of Carter’s in a research note on Friday, July 27th. Finally, Zacks Investment Research raised Carter’s from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $124.60.
Carter's, Inc, together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, Simple Joys, OshKosh, Skip Hop, and other brands. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International.
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