Neuberger Berman Group LLC boosted its holdings in Carter’s, Inc. (NYSE:CRI) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,547 shares of the textile maker’s stock after acquiring an additional 447 shares during the quarter. Neuberger Berman Group LLC’s holdings in Carter’s were worth $843,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Polaris Capital Management LLC lifted its holdings in shares of Carter’s by 9.4% during the 3rd quarter. Polaris Capital Management LLC now owns 407,601 shares of the textile maker’s stock valued at $40,189,000 after buying an additional 34,880 shares during the period. Palo Capital Inc. raised its holdings in Carter’s by 5.0% in the 3rd quarter. Palo Capital Inc. now owns 21,516 shares of the textile maker’s stock worth $2,121,000 after purchasing an additional 1,027 shares during the period. Vanguard Group Inc raised its holdings in Carter’s by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 3,875,314 shares of the textile maker’s stock worth $382,106,000 after purchasing an additional 35,282 shares during the period. Marshall Wace LLP raised its holdings in Carter’s by 69.0% in the 3rd quarter. Marshall Wace LLP now owns 345,825 shares of the textile maker’s stock worth $34,098,000 after purchasing an additional 141,168 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Carter’s by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 3,875,314 shares of the textile maker’s stock worth $382,106,000 after purchasing an additional 35,282 shares during the period. 95.82% of the stock is currently owned by institutional investors and hedge funds.
In other Carter’s news, CEO Michael Dennis Casey sold 25,000 shares of the stock in a transaction on Monday, November 19th. The stock was sold at an average price of $89.07, for a total value of $2,226,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Pulver purchased 1,000 shares of the business’s stock in a transaction on Thursday, December 6th. The stock was acquired at an average price of $86.10 per share, with a total value of $86,100.00. Following the purchase, the director now directly owns 65,517 shares in the company, valued at approximately $5,641,013.70. The disclosure for this purchase can be found here. Insiders sold a total of 102,835 shares of company stock valued at $9,606,925 in the last quarter. 3.30% of the stock is currently owned by company insiders.
Shares of CRI stock opened at $81.37 on Friday. Carter’s, Inc. has a 52-week low of $75.66 and a 52-week 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. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 1.54 and a beta of 0.68.
Carter’s (NYSE:CRI) last issued its quarterly earnings results on Thursday, October 25th. The textile maker reported $1.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($0.12). Carter’s had a return on equity of 33.05% and a net margin of 8.44%. The business had revenue of $923.91 million during the quarter, compared to analysts’ expectations of $940.87 million. Analysts expect that Carter’s, Inc. will post 6.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Tuesday, November 27th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, November 26th. This represents a $1.80 dividend on an annualized basis and a yield of 2.21%. Carter’s’s payout ratio is presently 31.25%.
A number of equities analysts recently commented on the company. Zacks Investment Research raised Carter’s from a “sell” rating to a “hold” rating in a report on Monday, December 31st. ValuEngine cut Carter’s from a “hold” rating to a “sell” rating in a report on Thursday. Macquarie cut Carter’s from an “outperform” rating to a “neutral” rating in a report on Friday, November 2nd. Citigroup raised their target price on Carter’s from $107.00 to $113.00 and gave the stock a “buy” rating in a report on Monday, December 3rd. Finally, Cowen set a $95.00 target price on Carter’s and gave the stock a “hold” rating in a report on Thursday, October 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $109.50.
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Carter’s, Inc engages in the marketing of apparel for babies and young children. It operates through the following segments: U.S. Retail, U.S. Wholesale, and International. The U.S. retail segment consists of sales of products in retail stores and e-commerce sites. The U.S. Wholesale segment includes sales of its products to wholesale accounts.
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