Alps Advisors Inc. boosted its position in Carter’s, Inc. (NYSE:CRI) by 26.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,202 shares of the textile maker’s stock after purchasing an additional 1,092 shares during the quarter. Alps Advisors Inc.’s holdings in Carter’s were worth $513,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Fort L.P. acquired a new position in shares of Carter’s during the 2nd quarter valued at about $119,000. First Hawaiian Bank acquired a new position in shares of Carter’s during the 3rd quarter valued at about $122,000. Point72 Hong Kong Ltd acquired a new position in shares of Carter’s during the 2nd quarter valued at about $195,000. HL Financial Services LLC acquired a new position in shares of Carter’s during the 2nd quarter valued at about $240,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Carter’s during the 2nd quarter valued at about $244,000. 94.81% of the stock is owned by hedge funds and other institutional investors.
Carter’s stock opened at $95.88 on Tuesday. The company has a market cap of $4.44 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 1.96 and a beta of 0.57. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.67 and a quick ratio of 1.49. Carter’s, Inc. has a 52 week low of $88.98 and a 52 week high of $129.00.
Carter’s (NYSE:CRI) last released its earnings results on Thursday, October 25th. The textile maker reported $1.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.73 by ($0.12). The business had revenue of $923.91 million for the quarter, compared to analysts’ expectations of $940.87 million. Carter’s had a net margin of 8.44% and a return on equity of 33.05%. As a group, analysts forecast that Carter’s, Inc. will post 6.04 earnings per share for the current year.
A number of analysts recently issued reports on CRI shares. B. Riley started coverage on shares of Carter’s in a research report on Tuesday, October 30th. They set a “market perform” rating and a $104.00 target price for the company. Zacks Investment Research downgraded shares of Carter’s from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Cowen reissued a “hold” rating and set a $104.00 target price on shares of Carter’s in a research report on Friday, July 27th. Monness Crespi & Hardt dropped their target price on shares of Carter’s from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Finally, Macquarie set a $100.00 target price on Carter’s and gave the company a “buy” rating in a research note on Friday, October 26th. One equities research 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’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $113.30.
In related news, Chairman Michael Dennis Casey sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $97.76, for a total transaction of $2,444,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director David Pulver purchased 7,500 shares of the company’s stock in a transaction that occurred on Thursday, September 6th. The shares were purchased at an average cost of $98.55 per share, for a total transaction of $739,125.00. Following the completion of the transaction, the director now owns 63,517 shares in the company, valued at approximately $6,259,600.35. The disclosure for this purchase can be found here. Corporate insiders own 3.30% of the company’s stock.
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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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