Carter’s, Inc. (NYSE:CRI) Shares Sold by Northwestern Mutual Investment Management Company LLC

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Northwestern Mutual Investment Management Company LLC trimmed its holdings in Carter’s, Inc. (NYSE:CRI) by 1.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,756 shares of the textile maker’s stock after selling 138 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Carter’s were worth $1,163,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Carter’s by 145.0% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,023,140 shares of the textile maker’s stock valued at $294,877,000 after acquiring an additional 1,788,956 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Carter’s by 24.2% in the second quarter. Victory Capital Management Inc. now owns 3,179,318 shares of the textile maker’s stock valued at $310,110,000 after acquiring an additional 620,375 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Carter’s by 27.7% in the second quarter. Mackenzie Financial Corp now owns 1,907,243 shares of the textile maker’s stock valued at $186,032,000 after acquiring an additional 414,132 shares during the period. Nuveen Asset Management LLC acquired a new stake in shares of Carter’s in the second quarter valued at approximately $15,629,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Carter’s by 38.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 467,087 shares of the textile maker’s stock valued at $45,560,000 after acquiring an additional 129,941 shares during the period.

In other news, CEO Michael Dennis Casey sold 20,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy Woods Brinkley sold 1,298 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,521,807.88. The disclosure for this sale can be found here. Insiders have sold 42,886 shares of company stock valued at $4,522,047 in the last 90 days. Company insiders own 3.20% of the company’s stock.

Shares of Carter’s stock traded down $0.85 during trading hours on Friday, hitting $104.17. 404,012 shares of the company were exchanged, compared to its average volume of 644,421. Carter’s, Inc. has a 1 year low of $75.66 and a 1 year high of $111.12. The company has a current ratio of 2.53, a quick ratio of 1.03 and a debt-to-equity ratio of 1.80. The business has a 50-day moving average of $97.47 and a 200-day moving average of $93.98. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 16.56, a P/E/G ratio of 2.08 and a beta of 0.92.

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

Several equities research analysts have recently weighed in on CRI shares. UBS Group set a $100.00 price objective on Carter’s and gave the company a “hold” rating in a report on Friday, October 25th. ValuEngine raised Carter’s from a “sell” rating to a “hold” rating in a report on Friday, October 4th. Monness Crespi & Hardt decreased their price objective on Carter’s from $120.00 to $115.00 and set a “buy” rating for the company in a report on Friday, October 25th. DA Davidson increased their price objective on Carter’s from $110.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, B. Riley set a $118.00 price objective on Carter’s and gave the company a “buy” rating in a report on Tuesday, August 20th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $110.25.

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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