Carter’s, Inc. (CRI) Holdings Boosted by Cwm LLC

Cwm LLC boosted its position in Carter’s, Inc. (NYSE:CRI) by 7,190.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,124 shares of the textile maker’s stock after buying an additional 6,040 shares during the quarter. Cwm LLC’s holdings in Carter’s were worth $604,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. BancorpSouth Bank lifted its holdings in Carter’s by 12.2% in the 2nd quarter. BancorpSouth Bank now owns 4,467 shares of the textile maker’s stock worth $484,000 after buying an additional 484 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in Carter’s by 25.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,517 shares of the textile maker’s stock worth $273,000 after buying an additional 518 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Carter’s by 2.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 18,581 shares of the textile maker’s stock worth $2,014,000 after buying an additional 530 shares in the last quarter. Arizona State Retirement System lifted its holdings in Carter’s by 1.7% in the 2nd quarter. Arizona State Retirement System now owns 32,590 shares of the textile maker’s stock worth $3,532,000 after buying an additional 531 shares in the last quarter. Finally, Cascade Investment Advisors Inc. increased its position in shares of Carter’s by 10.5% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 7,660 shares of the textile maker’s stock worth $755,000 after purchasing an additional 725 shares during the last quarter. Hedge funds and other institutional investors own 95.57% of the company’s stock.

CRI opened at $96.76 on Friday. The stock has a market capitalization of $4.44 billion, a PE ratio of 16.65, a P/E/G ratio of 1.96 and a beta of 0.57. Carter’s, Inc. has a 1-year low of $88.98 and a 1-year high of $129.00. 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 (NYSE:CRI) last released its 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). The company had revenue of $923.91 million during the quarter, compared to the consensus estimate of $940.87 million. Carter’s had a return on equity of 33.05% and a net margin of 8.44%. On average, equities analysts expect that Carter’s, Inc. will post 6.04 EPS for the current year.

In related news, Chairman Michael Dennis Casey sold 25,000 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $97.76, for a total transaction of $2,444,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jevin Eagle sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $109.10, for a total transaction of $545,500.00. Following the sale, the director now directly owns 6,297 shares of the company’s stock, valued at approximately $687,002.70. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.

Several research firms have recently weighed in on CRI. ValuEngine raised shares of Carter’s from a “hold” rating to a “buy” rating in a research report on Saturday, July 14th. Cowen reissued a “hold” rating and issued a $104.00 target price on shares of Carter’s in a research report on Friday, July 27th. Zacks Investment Research raised shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. B. Riley began coverage on shares of Carter’s in a research report on Tuesday, October 30th. They issued a “market perform” rating and a $104.00 target price for the company. Finally, Macquarie downgraded shares of Carter’s from an “outperform” rating to a “neutral” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Carter’s presently has an average rating of “Hold” and a consensus price target of $113.30.

Carter’s Company Profile

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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