Victory Capital Management Inc. Buys 2,154,029 Shares of Carter’s, Inc. (CRI)

Victory Capital Management Inc. increased its stake in Carter’s, Inc. (NYSE:CRI) by 6,653.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,186,404 shares of the textile maker’s stock after acquiring an additional 2,154,029 shares during the period. Victory Capital Management Inc.’s holdings in Carter’s were worth $215,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. boosted its position in shares of Carter’s by 1.4% during the third quarter. Hussman Strategic Advisors Inc. now owns 50,700 shares of the textile maker’s stock valued at $4,999,000 after buying an additional 700 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Carter’s during the third quarter valued at approximately $163,000. CWM LLC boosted its position in shares of Carter’s by 7,190.5% during the third quarter. CWM LLC now owns 6,124 shares of the textile maker’s stock valued at $604,000 after buying an additional 6,040 shares during the period. Alps Advisors Inc. boosted its position in shares of Carter’s by 26.6% during the third quarter. Alps Advisors Inc. now owns 5,202 shares of the textile maker’s stock valued at $513,000 after buying an additional 1,092 shares during the period. Finally, Reinhart Partners Inc. boosted its position in shares of Carter’s by 12.2% during the third quarter. Reinhart Partners Inc. now owns 34,395 shares of the textile maker’s stock valued at $3,391,000 after buying an additional 3,740 shares during the period. Institutional investors own 95.57% of the company’s stock.

Carter’s stock opened at $98.52 on Friday. The company has a quick ratio of 1.49, a current ratio of 3.67 and a debt-to-equity ratio of 0.98. Carter’s, Inc. has a fifty-two week low of $88.98 and a fifty-two week high of $129.00. The company has a market cap of $4.55 billion, a PE ratio of 17.10, a P/E/G ratio of 2.01 and a beta of 0.50.

Carter’s (NYSE:CRI) last posted its quarterly earnings results on Thursday, October 25th. The textile maker reported $1.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.12). Carter’s had a net margin of 8.44% and a return on equity of 33.05%. The company had revenue of $923.91 million for the quarter, compared to the consensus estimate of $940.87 million. On average, sell-side analysts predict that Carter’s, Inc. will post 6.04 EPS for the current year.

In other news, Director Jevin Eagle sold 5,000 shares of Carter’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $109.10, for a total transaction of $545,500.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Michael Dennis Casey sold 25,000 shares of Carter’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $97.76, for a total transaction of $2,444,000.00. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.

Several research analysts have issued reports on CRI shares. Zacks Investment Research lowered Carter’s from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. TheStreet lowered Carter’s from a “b” rating to a “c+” rating in a research report on Thursday, October 25th. ValuEngine lowered Carter’s from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Cowen set a $95.00 target price on Carter’s and gave the company a “hold” rating in a research report on Thursday, October 18th. Finally, B. Riley started coverage on Carter’s in a research report on Tuesday. They set a “market perform” rating and a $104.00 target price for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $113.30.

About Carter’s

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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Institutional Ownership by Quarter for Carter`s (NYSE:CRI)

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