Janney Montgomery Scott LLC Grows Stock Holdings in Carter’s, Inc. (NYSE:CRI)

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Janney Montgomery Scott LLC raised its position in shares of Carter’s, Inc. (NYSE:CRI) by 138.7% during the third quarter, HoldingsChannel reports. The firm owned 7,438 shares of the textile maker’s stock after purchasing an additional 4,322 shares during the period. Janney Montgomery Scott LLC’s holdings in Carter’s were worth $678,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BancorpSouth Bank increased its holdings in shares of Carter’s by 2.6% in the 2nd quarter. BancorpSouth Bank now owns 4,392 shares of the textile maker’s stock valued at $428,000 after purchasing an additional 111 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Carter’s by 0.4% in the second quarter. Arizona State Retirement System now owns 32,812 shares of the textile maker’s stock valued at $3,200,000 after purchasing an additional 122 shares in the last quarter. FDx Advisors Inc. raised its stake in shares of Carter’s by 8.0% in the second quarter. FDx Advisors Inc. now owns 2,939 shares of the textile maker’s stock valued at $287,000 after purchasing an additional 218 shares in the last quarter. Aperio Group LLC raised its stake in shares of Carter’s by 4.4% in the second quarter. Aperio Group LLC now owns 6,568 shares of the textile maker’s stock valued at $641,000 after purchasing an additional 276 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Carter’s in the second quarter valued at $32,000.

Carter’s stock traded down $0.04 during mid-day trading on Tuesday, hitting $108.06. 13,630 shares of the company were exchanged, compared to its average volume of 623,374. The company has a quick ratio of 1.03, a current ratio of 2.53 and a debt-to-equity ratio of 1.80. The business has a fifty day moving average of $96.12 and a 200 day moving average of $93.99. Carter’s, Inc. has a 1-year low of $75.66 and a 1-year high of $109.71. The company has a market capitalization of $4.80 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 2.14 and a beta of 0.92.

Carter’s (NYSE:CRI) last announced its earnings results on Thursday, October 24th. The textile maker reported $1.87 EPS for the quarter, topping the consensus estimate of $1.70 by $0.17. The company had revenue of $943.32 million for the quarter, compared to analysts’ expectations of $936.09 million. Carter’s had a return on equity of 35.47% and a net margin of 7.68%. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 earnings per share. Research analysts expect that Carter’s, Inc. will post 6.57 earnings per share for the current year.

Several research analysts have issued reports on the company. Monness Crespi & Hardt dropped their price objective on Carter’s from $120.00 to $115.00 and set a “buy” rating for the company in a research note on Friday, October 25th. ValuEngine upgraded Carter’s from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. UBS Group set a $100.00 price objective on Carter’s and gave the stock a “hold” rating in a research note on Friday, October 25th. B. Riley set a $118.00 price objective on Carter’s and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Finally, Cfra upgraded Carter’s from a “hold” rating to a “buy” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $110.25.

In other news, CEO Michael Dennis Casey sold 20,000 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $103.36, for a total transaction of $2,067,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Amy Woods Brinkley sold 1,298 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $92.41, for a total value of $119,948.18. Following the sale, the director now owns 16,468 shares in the company, valued at approximately $1,521,807.88. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by corporate insiders.

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, Precious Baby, Simple Joys, OshKosh B'gosh, Skip Hop, and other brands. The company operates through three segments: U.S.

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

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