Thrivent Financial For Lutherans trimmed its position in Carter’s, Inc. (NYSE:CRI) by 96.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,750 shares of the textile maker’s stock after selling 233,420 shares during the period. Thrivent Financial For Lutherans’ holdings in Carter’s were worth $867,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Carter’s by 137.8% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 539,046 shares of the textile maker’s stock worth $47,948,000 after purchasing an additional 312,412 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Carter’s by 30.8% in the second quarter. Legal & General Group Plc now owns 44,331 shares of the textile maker’s stock valued at $3,943,000 after buying an additional 10,430 shares during the period. Tudor Investment Corp ET AL bought a new stake in shares of Carter’s in the first quarter valued at about $1,842,000. First Trust Advisors LP lifted its stake in shares of Carter’s by 77.6% in the second quarter. First Trust Advisors LP now owns 61,179 shares of the textile maker’s stock valued at $5,442,000 after buying an additional 26,723 shares during the period. Finally, Stevens Capital Management LP lifted its stake in shares of Carter’s by 5.7% in the second quarter. Stevens Capital Management LP now owns 75,281 shares of the textile maker’s stock valued at $6,696,000 after buying an additional 4,030 shares during the period. 97.10% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on CRI shares. BidaskClub raised shares of Carter’s from a “sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Carter’s in a report on Wednesday, June 21st. FBR & Co reaffirmed a “buy” rating on shares of Carter’s in a report on Thursday, July 13th. Bank of America Corporation assumed coverage on shares of Carter’s in a report on Friday, September 15th. They set a “buy” rating and a $106.00 price objective for the company. Finally, Cowen and Company set a $92.00 price objective on shares of Carter’s and gave the stock a “hold” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. Carter’s has a consensus rating of “Buy” and a consensus price target of $103.45.
In related news, Director Thomas E. Whiddon sold 17,500 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $90.35, for a total value of $1,581,125.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Fulton sold 8,643 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $87.58, for a total transaction of $756,953.94. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.
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Shares of Carter’s, Inc. (NYSE:CRI) traded up 0.625% during midday trading on Wednesday, hitting $92.585. 149,145 shares of the company were exchanged. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 18.157 and a beta of 0.34. The firm’s 50 day moving average price is $92.93 and its 200 day moving average price is $89.03. Carter’s, Inc. has a one year low of $77.94 and a one year high of $99.75.
Carter’s (NYSE:CRI) last announced its earnings results on Thursday, July 27th. The textile maker reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.09. The firm had revenue of $692.10 million for the quarter, compared to analysts’ expectations of $681.08 million. Carter’s had a net margin of 7.74% and a return on equity of 33.18%. The company’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.72 EPS. Analysts forecast that Carter’s, Inc. will post $5.61 EPS for the current fiscal year.
Carter’s, Inc (Carter’s) is a marketer of apparel for babies and young children in the United States and Canada. The Company owns two brand names in the children’s apparel industry, Carter’s and OshKosh B’gosh (OshKosh). The Company operates through five segments: Carter’s Retail, Carter’s Wholesale, OshKosh Retail, OshKosh Wholesale and International.
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