Carter’s, Inc. (CRI) Shares Bought by Kemnay Advisory Services Inc.

Kemnay Advisory Services Inc. grew its stake in Carter’s, Inc. (NYSE:CRI) by 11.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,154 shares of the textile maker’s stock after purchasing an additional 1,364 shares during the period. Kemnay Advisory Services Inc.’s holdings in Carter’s were worth $1,297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BancorpSouth Bank boosted its stake in shares of Carter’s by 12.2% in the 2nd quarter. BancorpSouth Bank now owns 4,467 shares of the textile maker’s stock valued at $484,000 after purchasing an additional 484 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of 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 valued at $2,014,000 after purchasing an additional 530 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Carter’s by 1.7% in the 2nd quarter. Arizona State Retirement System now owns 32,590 shares of the textile maker’s stock valued at $3,532,000 after purchasing an additional 531 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Carter’s by 15.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,904 shares of the textile maker’s stock valued at $484,000 after purchasing an additional 674 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Carter’s by 0.7% in the 3rd quarter. Rhumbline Advisers now owns 103,838 shares of the textile maker’s stock valued at $10,238,000 after purchasing an additional 694 shares in the last quarter.

Shares of NYSE CRI opened at $86.42 on Friday. The company has a market capitalization of $4.08 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of 1.80 and a beta of 0.56. Carter’s, Inc. has a 1 year low of $83.42 and a 1 year high of $129.00. 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 (NYSE:CRI) last issued its quarterly earnings data on Thursday, October 25th. The textile maker reported $1.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.73 by ($0.12). The business had revenue of $923.91 million during the quarter, compared to the consensus estimate of $940.87 million. Carter’s had a net margin of 8.44% and a return on equity of 33.05%. Analysts forecast that Carter’s, Inc. will post 6.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Tuesday, November 27th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, November 26th. This represents a $1.80 annualized dividend and a yield of 2.08%. Carter’s’s payout ratio is 31.25%.

In other Carter’s news, SVP Jill Wilson sold 2,835 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $96.27, for a total transaction of $272,925.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Dennis Casey sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $89.07, for a total transaction of $2,226,750.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,835 shares of company stock valued at $9,606,925. Company insiders own 3.30% of the company’s stock.

A number of equities research analysts have recently weighed in on CRI shares. Monness Crespi & Hardt reduced their price target on shares of Carter’s from $130.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, October 26th. Macquarie set a $100.00 price objective on shares of Carter’s and gave the company a “buy” rating in a report on Friday, October 26th. TheStreet lowered shares of Carter’s from a “b” rating to a “c+” rating in a report on Thursday, October 25th. Zacks Investment Research lowered shares of Carter’s from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. Finally, B. Riley assumed coverage on shares of Carter’s in a report on Tuesday, October 30th. They issued a “market perform” rating and a $104.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $111.20.

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Carter’s 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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