Bank of America Corp DE decreased its holdings in shares of Carter’s, Inc. (NYSE:CRI) by 33.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,266 shares of the textile maker’s stock after selling 35,683 shares during the quarter. Bank of America Corp DE’s holdings in Carter’s were worth $6,951,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BancorpSouth Bank lifted its stake in Carter’s by 2.6% in the second quarter. BancorpSouth Bank now owns 4,392 shares of the textile maker’s stock valued at $428,000 after acquiring an additional 111 shares during the last quarter. Arizona State Retirement System lifted its stake in 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 acquiring an additional 122 shares during the last quarter. FDx Advisors Inc. lifted its stake in 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 acquiring an additional 218 shares during the last quarter. Aperio Group LLC lifted its stake in 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 acquiring an additional 276 shares during the last quarter. Finally, Chilton Investment Co. LLC lifted its stake in Carter’s by 2.2% in the second quarter. Chilton Investment Co. LLC now owns 25,247 shares of the textile maker’s stock valued at $2,463,000 after acquiring an additional 543 shares during the last quarter.
In other news, Director Amy Woods Brinkley sold 1,298 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $92.41, for a total transaction of $119,948.18. Following the completion of the sale, the director now owns 16,468 shares in the company, valued at approximately $1,521,807.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.20% of the company’s stock.
A number of brokerages have commented on CRI. B. Riley set a $118.00 price target on shares of Carter’s and gave the company a “buy” rating in a research note on Tuesday, August 20th. ValuEngine upgraded shares of Carter’s from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. Finally, DA Davidson upgraded shares of Carter’s from a “neutral” rating to a “buy” rating and increased their price target for the company from $91.00 to $110.00 in a research note on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $108.22.
NYSE CRI opened at $94.15 on Friday. The firm has a 50-day moving average of $91.28 and a 200-day moving average of $94.28. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.73 and a current ratio of 2.20. The stock has a market cap of $3.96 billion, a PE ratio of 14.97, a P/E/G ratio of 1.70 and a beta of 0.90. Carter’s, Inc. has a 52-week low of $75.66 and a 52-week high of $109.71.
Carter’s (NYSE:CRI) last posted its earnings results on Thursday, July 25th. The textile maker reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. The company had revenue of $734.38 million during the quarter, compared to analysts’ expectations of $730.86 million. Carter’s had a net margin of 8.05% and a return on equity of 34.45%. Carter’s’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.79 EPS. As a group, analysts predict that Carter’s, Inc. will post 6.57 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Friday, August 30th. This is a boost from Carter’s’s previous quarterly dividend of $0.22. Carter’s’s dividend payout ratio (DPR) is currently 31.80%.
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.
See Also: QQQ ETF
Want to see what other hedge funds are holding CRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carter’s, Inc. (NYSE:CRI).
Receive News & Ratings for Carter's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carter's and related companies with MarketBeat.com's FREE daily email newsletter.